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Dow soars 400 points on Europe deal
Europe finally has a deal, and investors are pleased ... for now. U.S. stocks rallied right out of the gate Thursday, with the major indexes jumping more than 3% in the afternoon, after European Union leaders agreed to expand Europe's bailout fund and take major losses on Greek bonds. With about less than an hour left in the trading day, the Dow Jones industrial average (INDU) shot up more than 400 points, or 3.5%. The S&P 500 (SPX) gained 49 points, or 3.9%, and the Nasdaq composite (COMP) surged 99 points, or 3.8%. The day's rally pushed the S&P 500 into positive territory for the year for the first time since ... (full story)
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