Wall Street soars on $1T rescue plan for Europe
Stocks are surging after European leaders agreed to a nearly $1 trillion rescue plan to avoid a major debt crisis and the U.S. Federal Reserve said it would also provide loans overseas.
Stocks rocketed higher and bond prices fell Monday after investors were reassured by a nearly $1 trillion plan to avoid a European debt crisis.
The Dow Jones industrial average rose about 360 points. The Dow and broader indexes were all up more than 3 percent. Markets also jumped in Europe.
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