Stocks Rally 2% Amid Euro Zone Bailout Hopes


JeeYeon Park
CNBC.com
September 28, 2011

Stocks advanced Tuesday, led by energy and materials, amid growing expectations that EU officials were working on a plan to ease the region’s debt crisis.

The Dow Jones Industrial Average rose sharply, led by Hewlett-Packard and JPMorgan, after closing above the psychologically-significant 11,000 level in the previous session.

The Dow is seeing its best two-day gain since Aug. 11-12.

The S&P 500 and the Nasdaq also gained. The CBOE Volatility Index, widely considered the best gauge of fear in the market, slipped below 37.

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