Summary Box: Europe debt plan sends stocks up

AP News
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Posted: Jul 21, 2011 4:57 PM
Summary Box: Europe debt plan sends stocks up

A NEW PLAN: European officials say they'll give Greece a new package of rescue loans. They also plan to lower interest rates and lengthen payback terms on existing loans for Greece, Ireland and Portugal.

DEBT WOES: Europe's debt crisis and the debate over raising the U.S. government's borrowing limit have kept investors on edge. The Dow has flip-flopped between gains and losses in for eight days running.

INDEXES: The Dow Jones industrial average rose 152 points, or 1.2 percent, to 12,724. The S&P 500 index rose 18 points, or 1.4 percent, to 1,344. The Nasdaq rose 20 points to 2,834.