Progress in Italy, Greece on Debt Sends Stocks Up

By: Associated Press
By: Associated Press

New York, NY (AP) - Stocks are closing higher after unemployment
claims unexpectedly dropped and worries over the debt crisis in
Europe eased.

Greece named a new prime minister Thursday and Italy borrowed
$6.8 billion at lower interest rates than analysts expected.
Italy's benchmark rate dropped below 7 percent after spiking above
that level Wednesday.

The Dow Jones industrial average rose 113 points, or 1 percent, to close at 11,894. It plunged 389 points Wednesday as talks in Greece to name a new prime minister broke down.

The S&P 500 index gained 11, or 0.9 percent, to 1,240. The Nasdaq rose 4 points, or 0.1 percent, to 2,625.

Two stocks rose for every one that fell on the New York Stock Exchange. Trading volume was below average at 3.9 billion.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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  • by Steve Location: Not in Marietta on Nov 11, 2011 at 09:23 AM
    The article in WCTV.TV of November 9, 2011 indicated the market was down. That number was in the article, -2.3%. November 10, 2011 the market is up 113 points, or 1%. That simply means that the economy is continuing to tank, and in two days despite a rally on Thursday, the market is down(-)1.3%. I'm just sayin'.
  • by Wall Street Need To Be Occupied on Nov 10, 2011 at 01:53 PM
    It's up - it's down - bear - bull - whatever. Having the entire nations retirement funds locked up in this legalized gambling of the stock market is foolish. Most people would be better off putting thier money in a jar and burying it - at least it's guaranteed to still be there in the future and no greedy banker or wall street jerk can steal it from you or waste it.
    • reply
      by tom on Nov 10, 2011 at 05:26 PM in reply to Wall Street Need To Be Occupied
      even better off if you traded that useless paper in on gold and silver and then buried it.
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