Markets
US stocks jump on German court ruling
NEW YORK : US stocks rallied in early trade on Wednesday after a German court rejected an attempt to block Germany's
1 min
By
The Dow Jones Industrial Average rose 142.44 points (1.28 percent) to 11,281.74 in the first two minutes of trade, a solid bounce after three consecutive days of triple-digit losses.
The broader S&P 500 climbed 15.21 points (1.31 percent) to 1,180.45, while the tech-heavy Nasdaq Composite gained 38.16 points (1.54 percent) to stand at 2,511.99.
In a highly anticipated ruling, Germany's Constitutional Court paved the way for German participation in a eurozone-wide bailout mechanism, removing an obstacle to rescues of Greece and other struggling EU countries.
Copyright AFP (Agence France-Presse), 2011