Stocks surge on European debt deal, GDP growth

(AP) - Stocks are surging after European leaders agreedon a deal to slash Greece's debt load and prevent the financialcrisis there from engulfing larger countries

NEW YORK - (AP) - Stocks are surging after European leaders agreedon a deal to slash Greece's debt load and prevent the financialcrisis there from engulfing larger countries like Italy. The DowJones industrial average had its biggest gain since Aug. 11th.

Stronger U.S. economic growth and corporate earnings also drovemarkets higher. Commodities and Treasury yields soared as investorstook on more risk.

The Dow jumped 340 points, or 2.9 percent, to close at 12,209.It was its highest close since July 28.

The S&P 500 rose 43 points, or 3.4 percent, to close at 1,285.The Nasdaq gained 88, or 3.3 percent, to 2,739.

Nine stocks rose for every one that fell on the New York StockExchange. Volume was heavy at 6.5 billion shares.

advertisement | advertise on News 12

Trending Video

An attorney for Hopatcong Officer Nicholas Maresca says 1 Attorney: Officer had no choice but to hit man in bunny suit
Kevin Hodges (right) is accused of killing his 2 Police: Man used cleaver, sword, knife to kill mom, grandmother
Demolition has begun on a Totowa neighborhood that 3 Demolition begins on Totowa neighborhood damaged by hurricane
Ride-sharing company Uber says it is able to 4 Concerns grow over Uber's ability to track riders
5 VIDEO: Totowa neighborhood to be torn down

advertisement | advertise on News 12

Features

It's good to know you have Walt Kane Kane in Your Corner

It's good to know you have Walt Kane in your corner.

News 12 takes a look at the hottest Tech Check

Eric Landskroner has a look at the latest gadgets and biggest stories in tech.

News 12 On the Scene

Check out these exclusive videos from New Jersey celebs!

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE