Stocks charge higher with help for Greece in hand

Posted Feb. 11, 2010 at 3:15 p.m.

Associated Press | The stock market charged higher after European leaders pledged to help Greece manage its debt crisis.

According to preliminary calculations, the Dow is up 106 at 10,144. The Standard & Poor’s 500 is up 10 at 1,078. The Nasdaq composite index is up 30 at 2,177.

Relief about the agreement pushed the market broadly higher Thursday. Energy stocks logged some of the biggest gains after oil rose for a fourth day.

Encouraging news about jobs in the U.S. is also supporting stocks. The Labor Department says first-time claims for jobless benefits fell more than expected last week.

Three stocks rose for every one that fell on the New York Stock Exchange. Volume came to 1.1 billion shares compared with 1 billion Wednesday.

 

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