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Stocks surge after Germany upholds bailout plan

Stocks surge after Germany upholds bailout plan

A broad stock rally is breaking a three-day losing streak on Wall Street.
Stocks rose in early trading after a court backed Germany's role in bailing out other EU countries. Indexes rose more in the afternoon after a Federal Reserve survey showed that US business conditions are improving.
The Dow soared 276 points, or 2.5 percent, to close at 11,415. The S&P 500 jumped 33 points, or 2.9 percent, to 1,199. The Nasdaq also rose 75 points, or 3 percent, to 2,549.
Nine stocks rose for every one that fell on the New York Stock Exchange. Volume was below average at 3.9 billion shares.


Updated : 2020-12-03 16:39 GMT+08:00