Financial markets around the world stormed higher Friday after European leaders came up with a breakthrough plan to rescue banks, relieve debt-burdened governments and restore investor confidence. The Dow Jones industrial average had its second-biggest gain this year, and stocks advanced even further in Europe.
The Dow Jones industrial average closed up 277.83 points, or 2.2 percent, at 12,880.09.
The Standard & Poor’s 500 index rose 33.12, or 2.5 percent, to 1,362.16.
The Nasdaq composite average rose 85.56, or 3 percent, to 2,935.05.
For the week:
The Dow is up 239.31 points, or 1.9 percent.
The S&P 500 is up 27.14 points, or 2 percent.
The Nasdaq is up 42.63 points, or 1.5 percent.
For the month:
The Dow is up 486.64 points, or 3.9 percent.
The S&P 500 is up 51.83 points, or 4 percent.
The Nasdaq is up 107.71 points, or 3.8 percent.
For the quarter:
The Dow is down 331.95 points, or 2.5 percent.
The S&P 500 is down 46.31 points, or 3.3 percent.
The Nasdaq is down 156.52 points, or 5.1 percent.
For the year:
The Dow is up 662.53 points, or 5.4 percent.
The S&P 500 is up 104.56 points, or 8.3 percent.
The Nasdaq is up 329.90 points, or 12.7 percent.
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Lisa Montgomery embraces her nephew Thursday after a tornado tore apart her home in Cleburne, Texas. The twister killed six people and destroyed entire swaths of the North Texas town.
Credit: AP/LM Otero
Jack McMahon, the defense attorney for abortion doctor Kermit Gosnell, speaks outside the Criminal Justice Center in Philadelphia Tuesday. His client was convicted of killing three babies in his clinic, and will serve multiple life sentences.
Credit: AP/Matt Rourke
A photo taken Monday captures Vice President Joe Biden's response to a Milwaukee second-grader's innovative proposal to end America's epidemic of gun violence. This guy!
Credit: AP/Jenny Aicher
Sen. Rand Paul, R-Ky., flanked by a grouper-eyed Michele Bachmann, addresses the IRS' admission that it targeted Tea Party groups in advance of the 2012 election. In an op-ed for CNN Thursday, the Kentucky senator slammed the president for his faux outrage.
Credit: AP/Molly Riley
Ousted IRS chief Steven Miller is sworn in on Capitol Hill Friday. Miller testified before the House Ways and Means Committee on the extra scrutiny the agency gave conservative groups applying for tax-exempt status.
Credit: AP/J. Scott Applewhite
Attorney General Eric Holder pauses as he testifies on Capitol Hill before the House Judiciary Committee Wednesday. Holder is under fire, among other things, for the Justice Department's gathering of phone records at the Associated Press.
Credit: AP/Carolyn Kaster
O.J. Simpson sits during an evidentiary hearing at Clark County District Court in Las Vegas, Nev., Thursday. Simpson, who is currently serving a nine-to-33-year sentence in state prison for armed robbery and kidnapping, is using a writ of habeas corpus to seek a new trial.
Credit: AP/Las Vegas Review-Journal/Jeff Scheid
Major Tom to ground control: On Sunday astronaut Chris Hadfield recorded the first music video from space, a cover of David Bowie's "Space Oddity."
Credit: AP/NASA/Chris Hadfield
When it rains it pours. President Barack Obama speaks during a news conference Thursday with Turkish Prime Minister Recep Tayyip Erdogan, inexplicably inspiring an #umbrellagate Twitter meme.
Credit: AP/Jacquelyn Martin
A smoke plume rises high above a road block at the intersection of County A and Ross Road east of Solon Springs, Wis., Tuesday. No injuries were reported, but the the wildfire caused evacuations across northwestern Wisconsin.
Credit: AP/The Duluth News-Tribune/Clint Austin
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