The stock market has taken investors on a wild ride the past few days. Concerns over Greece’s debt, coupled with a possible trading error, concluded the worst week for the market this year.
This week is off to a better start as the markets shot up from the get go today once the European news of a nearly $1 trillion bailout was announced. Early on, the Dow was up more than 450 points as European leaders hoped to have settled the fears of Greece’s debt crisis.
The Dow surged nearly all day as it finished up more than 400 points. The Nasdaq also spiked 109 points. The S&P 500 also rose almost 49 points.
In stocks of local interest, Ford gained 5.5 percent, Dow Chemical was up 7.6 percent and Caterpillar was up 7.4 percent.
Oil prices increased $1.69 per barrel. And gold dropped nearly $10 per ounce.
