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Wall St rises 1% on Slovakia deal

Wall St rises 1% on Slovakia deal
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First Published: Wed, Oct 12 2011. 08 08 PM IST
Updated: Wed, Oct 12 2011. 08 08 PM IST
New York: US stocks extended gains on Wednesday, with major indexes rising more than 1% after Slovakian lawmakers said they would approve a plan to expand powers in the euro zone rescue fund.
The Dow Jones industrial average rose 111.03 points, or 0.97%, to 11,527.33. The Standard & Poor’s 500 gained 14.99 points, or 1.25%, to 1,210.53. The Nasdaq Composite added 31.36 points, or 1.21%, to 2,614.39.
Parties in the Slovakian government reached a deal with a leftist opposition leader. Slovakia is the only European Union member that has not ratified the plan to increase the fund’s powers and fight the spreading debt crisis.
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First Published: Wed, Oct 12 2011. 08 08 PM IST
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