NOTE:
DOW UP 11,836.04 (+178.08 OR +1.53%)
HSI 19,733.71 (+363.75 )
Stocks recover as G-20 leaders scramble to save Greece rescue plan; Dow breaks two-day slump
Specialist David Haubner, left, works on the floor of the New York Stock Exchange Wednesday, Nov. 2, 2011. Stocks rose sharply in early trading, a day after renewed worries over Europe's debt crisis roiled markets around the world. Strong corporate earnings and a better employment report helped turn markets around. (AP Photo/Richard Drew)
Matthew Craft and David K. Randall, AP Business Writers, On Wednesday November 2, 2011, 4:23 pm EDT
NEW YORK (AP) -- Stock indexes closed with broad gains Wednesday as international leaders scramble to save a week-old plan to prevent a financial crisis in Europe. Strong corporate earnings and a bump up in hiring by private companies also helped send markets higher after a steep two-day drop.
The Dow Jones industrial average gained 178.08 points, or 1.5 percent, to close at 11,836.04. The Dow lost 573 points the previous two days after the brokerage MF Global collapsed and Greece's prime minister surprised markets and his own government with a call to put unpopular austerity measures to a public vote.
"It's crazy how much the markets dropped in two days, considering that the data of the U.S. economy has actually looked pretty good," said Barry Knapp, head of equity strategy at Barclay's Capital. "It just shows you how fragile the investor psychology is with Greece hanging over everything."
http://finance.yahoo.com/news/Stocks-recover-after-a-twoday-apf-2155362811.html?x=0&sec=topStories&pos=9&asset=&ccode=
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