According to MarketWatch, U.S. stocks rallied Monday, ending near session highs, spurred by hopes that European policymakers were coalescing around a new plan to keep the sovereign debt crisis from spreading. The Dow Jones Industrial Average DJIA +2.53% rose 272.38 points, or 2.5%, to 11,043.86, led by a nearly 7% surge in the shares of J.P. Morgan Chase & Co. JPM -0.13% and a 4.6% rally in Bank of America Corp. BAC +0.15% shares. The S&P 500 SPX +2.33% ended up 26.52 points, or 2.3%, to 1,162.95, led by a 4.4% rally in financial stocks. The Nasdaq Composite COMP +1.35% gained 33.46 points, or 1.4%, to 2,516.69 points after spending much of the session in the red...
Read more at http://www.marketwatch.com/story/us-stocks-rally-on-europe-hopes-dow-gains-272-2011-09-26?link=MW_widget_latestnews_247wallst.com
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