Stocks Surge on Reports of Eurozone 'Bazooka'
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While higher most of the session, U.S. stocks staged an impressive late-day surge on reports from the U.K's Guardian that France and Germany are ready to agree on a EUR2 trillion rescue fund.
The two have reached an agreement to boost the fund as part of a "comprehensive plan" to resolve the intensifying debt crisis, according to the article.
There is now growing confidence a deal can be struck at this Sunday's eurozone crisis summit.
With a little over 30 minutes until the U.S. close, the Dow is up 193, the S&P 500 is up 25 and the S&P 500 is up 43.
Link to Guardian report.
The two have reached an agreement to boost the fund as part of a "comprehensive plan" to resolve the intensifying debt crisis, according to the article.
There is now growing confidence a deal can be struck at this Sunday's eurozone crisis summit.
With a little over 30 minutes until the U.S. close, the Dow is up 193, the S&P 500 is up 25 and the S&P 500 is up 43.
Link to Guardian report.
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