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NEW YORK - U.S. stocks rose on Tuesday (18/10/2011) local time (GMT Wednesday) after a British newspaper reported thatFrance and Germany are ready to boost the euro zone rescue fund in an effort to overcome the crisis of public debt.
The Dow Jones Industrial Average jumped 175.66 points (1.54percent) to 11,572.66 in closing trading positions. Technology-heavy Nasdaq composite index rose 41.54 points (1.59 percent) to 2656.46, while the S & P 500 added 24.03 points (2.00percent) to 1224.89.
The Guardian reported, the leaders of France and Germany, the eurozone's biggest economy, has agreed to increase the rescue fund to 2 trillion euros (2.7 trillion U.S. dollars).
source: kompas.com
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The Dow Jones Industrial Average jumped 175.66 points (1.54percent) to 11,572.66 in closing trading positions. Technology-heavy Nasdaq composite index rose 41.54 points (1.59 percent) to 2656.46, while the S & P 500 added 24.03 points (2.00percent) to 1224.89.
The Guardian reported, the leaders of France and Germany, the eurozone's biggest economy, has agreed to increase the rescue fund to 2 trillion euros (2.7 trillion U.S. dollars).
source: kompas.com
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