Wednesday, February 1, 2012

Wall Street jumps on overseas optimism (Reuters)

NEW YORK (Reuters) ? Stocks rallied on Wednesday, with all major indexes up more than 1 percent, as upbeat economic data from China and Germany eased concerns about the global economy, while Greece neared a long-delayed deal on a debt swap.

The Dow Jones industrial average (.DJI) rose 139.30 points, or 1.10 percent, to 12,772.21. The Standard & Poor's 500 Index (.SPX) added 13.90 points, or 1.06 percent, to 1,326.31. The Nasdaq Composite Index (.IXIC) climbed 27.44 points, or 0.98 percent, to 2,841.28.

(Reporting By Edward Krudy; editing by Jeffrey Benkoe)

Source: http://us.rd.yahoo.com/dailynews/rss/business/*http%3A//news.yahoo.com/s/nm/20120201/bs_nm/us_markets_stocks

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