Dow Jones industrial average surges 286 points
NEW YORK -- The Dow Jones industrial average surged 286 points, its best day this year.
The Dow jumped 2.4 percent to close Wednesday at 12,415. The gain turned the index positive for the year and erased a 275-point plunge set off by a dismal U.S. jobs report last Friday.
Hope that Europe would help ease the region's debt crisis helped launch the rally. A news report said European officials were moving quickly to find a way to rescue Spain's hobbled banks.
In other trading, the Standard & Poor's 500 index rose 30 points to 1,315. The Nasdaq composite index jumped 67 to 2,845.
Seven stocks rose for every one that fell on the New York Stock Exchange. Trading volume was slightly higher than average at 4.1 billion shares.
- Mail carrier's vehicle found burned in San Jacinto Co
- Boy, 6, drowns in Fort Bend County pool
- Notice smoke and haze across the Houston area?
- Witnesses rescue woman from kidnapping attempt
- Some lost everything to North Texas tornadoes
- Golfing great Ken Venturi dies at age 82
- Pct. 6 Constable Trevino center of new investigation
- Powerball jackpot jumps to $600 million
- Houston Ship Channel signals healthy economy
- SWAT situation at Alief-area home ends without arrest
- Barry Manilow concert in The Woodlands postponed
- otrc: Emma Watson talks 'tramp stamp'
- abcnews: Pat Robertson tells cheater's wife 'He's a...
- Video: Trapped ducklings saved by phone app
abc13.com News Links
Most Viewed StoriesMost Viewed VideoMost Viewed Photos