Dow Up 150 on EU Proposal

Germany floats idea of loan guarantees
By Nick McMaster,  Newser Staff
Posted Feb 9, 2010 3:23 PM CST
Dow Up 150 on EU Proposal
Specialist Anthony Sherman, second left, works at his post on the floor of the New York Stock Exchange, Tuesday, Feb. 9, 2010.   (AP Photo/Richard Drew)

A plan proposed by Germany to offer Greece and other economically troubled EU nations loan guarantees helped soothe global markets today and drove a rally in US stocks, the Wall Street Journal reports.

  • The Dow rose 150 points to close at 10,059.
  • The Nasdaq added 25 points, settling at 2,151.
  • The S&P 500 gained 14 points, closing at 1,071.
(More Dow Jones stories.)

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