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Stocks Rally 2% Amid Euro Zone Bailout Hopes
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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