Markets
US stocks jump on renewed EU confidence
NEW YORK : US stocks put on solid gains Thursday, helped by more confidence in banks and the retail sector and in Eur
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NEW YORK: US stocks put on solid gains Thursday, helped by more confidence in banks and the retail sector and in Europe's push to ensure its banks remain stable in the case of a Greek sovereign default.
The Dow Jones Industrial Average closed up 183.38 points (1.68 percent) to 11,123.33.
The broader S&P 500 added 20.94 (1.83 percent) to 1,164.97, while the tech-heavy Nasdaq Composite rose 46.31 (1.88 percent) to 2,506.82.
Financial stocks led the way on new confidence that the big US banks were relatively insulated from the eurozone crisis.
Bank of America added 8.8 percent; Citigroup rose 5.3 percent, and JP Morgan Chase jumped 5.0 percent.
Copyright AFP (Agence France-Presse), 2011
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