Stocks: Dow skyrockets 278 points
U.S. Stocks strongly rallied Friday after European leaders agreed to a set of prescriptions for their debt crisis. The Dow Jones industrial average closed up 278 points, or 2.2%. Taking even bigger leaps were the S&P 500, up 2.5%, and the Nasdaq composite, skyrocketing 3%. Ref. USAToday
Dow Jones Up
The Dow Jones industrial closed up 203 points to 12,776, coming off a six-day slump, the longest losing streak since mid-May. In other trading, the Standard & Poor's 500 index closed up 22 points to 1,357 and the Nasdaq composite index ended 42 points higher at 2,908. Ref. USAToday
U.S. Stocks rallied Friday, with the Dow Jones industrial average closing above the 13,000 mark for the first time since May.
Investors were hopeful that central banks in Europe and the United States will take steps to boost the global economy. For the week, the major indexes all climbed more than 1%. Ref. CNN
Stocks Raise
The Dow Jones Industrial Average rose almost 2%, the broader Standard & Poor's 500 index gained 2.1% and the tech-heavy Nasdaq composite index rocketed 2.2%as investors focused on the positives from the Labor Department's July employment report. Ref. USAToday
Dow rockets 200 points, S&P 500 over mid-2008 highs on Europe's bond buy plan
U.S. Stocks surge as investors react positively to European Central Bank chief Mario Draghi's remarks detailing a "No-limit" bond buying progam to lower interest rates for ailing eurozone nations. Ref. USAToday
U.S. Stocks surged Thursday, with all three major indexes closing at the highest levels in years, as optimistic investors went on a buying spree.
A combination of stronger-than-expected data on the job market and the European Central Bank's bond-buying program provided the momentum. The Dow Jones industrial average closed more than 240 points higher.
The rally comes a day ahead of Friday's monthly jobs report and hours before President Barack Obama makes his case for re-election in a convention speech accepting the Democratic presidential nomination. Ref. CNN