Markets
Intervention for Europe's banks boosts US stocks
NEW YORK : US stocks got a boost Thursday despite poor domestic economic data after major central banks joined hands t
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NEW YORK: US stocks got a boost Thursday despite poor domestic economic data after major central banks joined hands to ensure US dollar liqudity to Europe's embattled banks.
In closing trade the Dow Jones Industrial Average was up 186.30 points (1.66 percent) at 11,433.03.
The broader S&P 500 rose 20.43 points (1.72 percent) to 1,209.11, while the tech-heavy Nasdaq Composite gained 34.52 points (1.34 percent) to stand at 2,607.07.
Copyright AFP (Agence France-Presse), 2011
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