Summary Box: Stocks rise for 4th day in a row

AP News
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Posted: Sep 15, 2011 5:20 PM
Summary Box: Stocks rise for 4th day in a row

JOINT PLAN: A joint effort by five major central banks to support Europe's financial system set off a rally in U.S. stocks Thursday. Gold plunged and Treasury yields rose as traders sold the safest investments. Markets in Europe soared.

BANK BACKING: The European Central Bank, the U.S. Federal Reserve and three other central banks said Thursday they would provide European banks with unlimited dollar loans.

S&P 500: The Standard & Poor's 500 index rose 20.43 points, 1.7 percent, to 1,209.11. The index has jumped 4.8 percent this week but is still 10 points short of where it started the month.