Stocks surge on European debt deal, GDP growth

(AP) - Stocks are surging after European leaders agreedon a deal to slash Greece's debt load and prevent the financialcrisis there from engulfing larger countries

NEW YORK - (AP) - Stocks are surging after European leaders agreedon a deal to slash Greece's debt load and prevent the financialcrisis there from engulfing larger countries like Italy. The DowJones industrial average had its biggest gain since Aug. 11th. Stronger U.S. economic growth and corporate earnings also drovemarkets higher. Commodities and Treasury yields soared as investorstook on more risk. The Dow jumped 340 points, or 2.9 percent, to close at 12,209.It was its highest close since July 28.

The S&P 500 rose 43 points, or 3.4 percent, to close at 1,285.The Nasdaq gained 88, or 3.3 percent, to 2,739. Nine stocks rose for every one that fell on the New York StockExchange. Volume was heavy at 6.5 billion shares.

advertisement | advertise on News 12

Trending Video

Videos from inside the halls and classrooms of 1 Videos capture violent fights inside M.S. 232
Video: President Trump's inauguaration speech 2 Video: President Trump's inauguration speech
The Drug Enforcement Administration says drug cartels are 3 Heroin Homeland: Drug cartels in the Bronx
News 12 The Bronx hit the streets to 4 Word on the Street: Old TV shows
Donald Trump is sworn in as the 45th 5 Donald Trump sworn in as the 45th president of the United States

advertisement | advertise on News 12

Features

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE