The Dow Jones Industrial Average rallied sharply, led by Travelers [TRV 56.59 2.06 (+3.78%) ] and AmEx [AXP 47.92 1.73 (+3.75%) ], after logging a decline in the previous session. The blue-chip index is on track for its fourth-straight winning week.
The S&P 500 and the Nasdaq also jumped. The CBOE Volatility Index, widely considered the best gauge of fear in the market, traded near 32.
All 10 S&P sectors were firmly in the green, led by financials and consumer discretionary. European shares closed higher amid optimism that policymakers would make progress on a solution to the euro zone debt crisis in the coming days.
France and Germany said in a joint statement that European leaders would discuss a global solution to the crisis on Sunday, but no decisions would be adopted before a second meeting by Wednesday at the latest. Read More
0 comments
Post a Comment