Summary Box: Stocks rally on German bailout ruling

AP News
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Posted: Sep 07, 2011 5:12 PM
Summary Box: Stocks rally on German bailout ruling

GOOD SIGNS: Stocks rose in early trading after a court backed Germany's role in bailing out other European countries. Indexes rose more in the afternoon after a Federal Reserve survey showed that U.S. business conditions are improving.

SHAKE-UPS: Bank of America jumped 7 percent after two top executives left the company. Yahoo rose 5 percent after announcing that CEO Carol Bartz had been fired.

THE INDEXES: The Dow jumped 275.56 points, or 2.5 percent, to 11,414.86. The S&P 500 climbed 2.9 percent to 1,198.62. The Nasdaq soared 3 percent to 2,548.94.