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Dow Jones Record - Page 21

U.S. Stocks soared after European leaders finally reached a deal on a plan to tackle the region's debt crisis.

Even as many questions remain, the agreement marks a big step toward a comprehensive solution to a problem that threatens Europe's economy.

The Dow Jones industrial average rose 340 points, while the S&P 500 and the Nasdaq each gained more than 3%.

The day's gains put the S&P 500 on pace for its best month since 1974. The Dow is headed for its best month since 1987, and the Nasdaq is on track for its strongest month in a decade. Ref. CNN

Record Jones Dow

Dow closes down 275 points

The Dow Jones Industrial Average ended the day down 275 points or nearly 2.3% as worries resurface about the European debt crisis. Ref. USAToday

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New fears about the fate of the European rescue plan reverberated through stock markets in the United States and around the world.

Stocks were hit hard early in the day after Greek Prime Minister George Papandreou made a surprise call for a public vote on Greece's bailout -- raising questions about a carefully crafted rescue plan agreed to only last week. Conflicting reports later in the day about whether the referendum will indeed occur kept investors on edge.

The Dow Jones industrial average sank 297 points, while the S&P 500 and the Nasdaq each fell about 3%.

The day's selloff puts the S&P 500 and Nasdaq back in negative territory for the year, while the Dow is up just 0.7% in 2011. Ref. CNN

Page 21 Record Jones Dow

Growing fears about Italy's debt problems hammered stocks in the United States and around the world on Wednesday.

Stocks were hit hard from the open after Italian bond yields spiked above 7%, raising concern that Italy may be headed toward needing a bailout. European officials reportedly said later in the day that a rescue was out of the question, adding to the selling pressure.

The Dow Jones industrial average sank 389 points while the S&P 500 fell 3.9%, and the Nasdaq dropped 3.6%.

The day's selloff puts the S&P 500 and Nasdaq back in negative territory for the year, while the Dow is up just 1.7% in 2011. Ref. CNN

Record Jones Dow

Dow closes up 260 points

The Dow Jones Industrial Average ended the week at 12,153. Stocks rallied Friday after Italy and Greece moved closer to forming new governments and getting their financial crises under control. Ref. USAToday

Dow Jones Record

Dow Jones Down

The Dow Jones industrial average dropped nearly 250 points, or 2%, Monday after news that Congressional talks on federal deficit reduction likely have failed. Ref. USAToday

Dow Jones Record - Page 21

U.S. Stocks posted sharp gains Monday after reports of strong Black Friday weekend sales and amid optimism that European leaders may be working toward a solution to the continent's debt crisis.

The Dow Jones industrial average soared 291 points, or 2.6%, the S&P 500 added 34 points, or 2.9%, and the Nasdaq composite rose 86 points, or 3.5%.

The advance broke a 4-day losing streak for the Dow and seven consecutive days of declines for the S&P 500 and Nasdaq. Ref. CNN

Dow Jones Record Politics Business Civil & History - Page 21

Stock markets soared on Wednesday after the U.S. Federal Reserve and other central banks unexpectedly announced a plan to make it cheaper for banks around the world to borrow U.S. Dollars -- a staple of global financial transactions.

The aim was to not only lower the cost of short-term borrowing for troubled European banks, but also to keep the global economy out of an all-out credit crunch as in 2008.

The move gave investors hope -- at least for the day -- that world leaders would continue to take necessary steps to avoid a market paralysis stemming from Europe's government debt crisis.

The Dow Jones industrial average had its best day of 2011, rising more than 480 points, or more than 4%. The S&P 500 and Nasdaq composite also jumped more than 4% apiece. Ref. CNN