NEW YORK (AP) -- Stocks are closing higher after investors saw
signs that Europe would decisively address its financial crisis.
The Dow Jones industrial average rose as many as 209 points before
cutting its gains in half late in the day.
European Commission President Jose-Manuel Barroso presented a
plan to strengthen European banks and lower Greece's debt. It's
being seen as the strongest effort yet to address the region's debt
crisis.
The Dow rose 103 points, or 0.9 percent, to close at 11,519. The
Standard & Poor's 500 index is up 12, or 1 percent, at 1,207. The
Nasdaq composite is up 22, or 0.8 percent, at 2,605.
Four stocks rose for every one that fell on the New York Stock
Exchange. Trading volume was slightly below average at 4.8 billion.