Summary Box: Stocks jump on optimism about Europe

AP News
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Posted: Sep 27, 2011 5:38 PM
Summary Box: Stocks jump on optimism about Europe

EUROPE HOPES: Stocks rose broadly Tuesday on hopes that Europe was moving closer to resolving its debt crisis. The Dow Jones industrial average closed up 146 points as industrial and materials companies led the market higher.

GERMAN ROLE: Germany's chancellor Angela Merkel said her country would do whatever it could to help Greece regain investors' confidence.

THE DOW: The Dow rose 146.83 points, or 1.3 percent, to 11,190.69. It had been up as many as 325 points earlier. The Dow has added 419 points over the last two days, making up more than half of its 737-point plunge last week.