New York, NY (AP) - Stocks are finishing with big gains thanks to
stronger-than-expected economic data and hopes for an end to
Ireland's debt crisis.
The Federal Reserve Bank of Philadelphia said factory orders
rose in the Mid-Alantic region.
Financial officials in Ireland also acknowledged that the
country will likely receive a bailout from the European Union.
General Motors ended up 3.6 percent in a well-received IPO.
According to preliminary calculations, the Dow Jones industrial
average rose 173, or 1.6 percent, to close at 11,181.
The S&P 500 rose 18, or 1.5 percent, to 1,197. The Nasdaq gained
38, or 1.6 percent, to 2,514.
Five stocks rose for every one that fell on the New York Stock
Exchange. Volume was 1.2 billion shares.
(Copyright 2010 by The Associated Press. All Rights Reserved.)
