A jump in U.S. consumer confidence is sending stocks to a modestly higher close. Investors were also encouraged by new efforts from European leaders to find more aggressive cures for the region's debt crisis. Technology stocks lagged.
The Dow is closing down 249 points as a congressional committee appears close to admitting defeat on its deficit-cutting task. The group was supposed to reduce the deficit by $1.2 trillion over the next decade. Its apparent failure signals that Washington remains gridlocked over crucial fiscal issues…
Stock indexes are closing with broad gains as international leaders scramble to save a week-old plan to prevent a financial crisis in Europe. Strong corporate earnings and a bump up in hiring by private companies also helped send markets higher after a steep two-day drop.
Stocks are surging after European leaders agreed on a deal to slash Greece's debt load and prevent the financial crisis there from engulfing larger countries like Italy. The Dow Jones industrial average had its biggest gain since Aug. 11th.