Stocks rallied Tuesday on reports that Germany and France are moving closer to finding a fix for the European debt crisis.
The Guardian newspaper reported that France and Germany have agreed to expand a rescue fund. European officials are expected to take up the expansion along with a package of other measures at a meeting this weekend. Banks and homebuilders also pulled the stock market higher Tuesday.
It was another day of wild swings for the stock market. The Dow dropped as many as 100 points in the morning and soared as many as 255 points within an hour of the closing bell.
The Dow Jones industrial average rose 180.05 points, or 1.6 percent, to close at 11,577.05.
The S&P 500 index rose 24.52 points, or 2 percent, to 1,225.38.
The Nasdaq composite rose 42.51 points, or 1.6 percent, to 2,657.43.
For the week:
The Dow is down 67.44 points, or 0.6 percent.
The S&P 500 is up 0.80 points, or 0.07 percent
The Nasdaq is down 10.42, or 0.4 percent
For the year to date:
The Dow is down 0.46, or 0 percent.
The S&P 500 is down 32.26, or 2.6 percent.
The Nasdaq is up 4.56, or 0.2 percent.
district 9 lsu football lsu football cj wilson beef wellington beef wellington ronnie brown
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.