US stocks climb at week's end on eurozone data

SATURDAY, DECEMBER 10, 2011
US stocks climb at week's end on eurozone data

Washington - US stocks rose on Friday, finishing the week strongly on renewed hopes of progress on the eurozone debt crisis.

Eurozone leaders Friday decided to pursue a new "fiscal compact" in their bid to quash the problems plaguing the eurozone and regain trust in the financial markets.
The blue-chip Dow Jones Industrial Average gained 186.56 points, or 1.55 per cent, rising to 12,184.26.
The broader Standard & Poor's 500 Index rose 20.84 points, or 1.69 per cent, to 1,255.19.
The technology-heavy Nasdaq Composite Index increased 50.47 points, or 1.94 per cent, to 2,646.85.
The US dollar dropped marginally against the euro to 74.74 from 74.94 euro cents on Thursday. The dollar rose slightly against the Japanese currency to 77.55 from 77.70 yen.//DPA