Wall St rises 1% on Slovakia deal

Wall St rises 1% on Slovakia deal

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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