National News

Discussion

June 29, 2012

Stocks rally as Europe unveils crisis plans

Associated Press

U.S. stocks are leaping after the opening bell after European leaders agreed to a set of prescriptions for their debt crisis.

Leaders in Brussels on Friday unveiled a plan to bail out banks directly from a regional bailout fund. They said they would ease austerity measures that are causing political unrest and fiscal pain in Greece and other nations that have received bailouts.

Fear about Europe has weighed on markets in recent weeks. Signs of improvement there tend to spark broad, if temporary, rallies.

The Dow Jones industrial average is up 167 points at 12,769 in the first five minutes of trading. The Standard & Poor’s 500 index is up 20 at 1,349. The Nasdaq composite average is up 49 at 2,898. The price of oil also rose strongly.

 

Text Only
AP Video
Looking for Love? Take the Prague Metro Crews Race to Find Survivors of Okla. Twister First Person: Baby Falcons on a New York Bridge Oklahoma: Images of Devastation, Reunion Reunited Dad, Son: 'We Just Praise God' Slow Pokes: Acupuncture Helps Sick Turtles Moore, Okla. City of Reunions, Tears After Storm Former IRS Chief: Can't Say How List Happened Gov. Fallin: Okla. Facing Horrific Disaster Tim Cook Defends Apple's Tax Accounting AP Photograher: 'It Was a Miracle' They Got Out Raw: Crews Search for Survivors of Okla. Tornado Raw: Tearful Reunion After Okla. Tornado OKC Hospital Describes Treating Tornado Wounded Obama Pledges Urgent Aid for Tornado Victims Raw: Massive Funnel Clouds in Oklahoma
Community Calendar
Loading…
Events by eviesays.com