How the major stock indexes fared Wednesday

AP News
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Posted: Oct 05, 2011 4:54 PM
How the major stock indexes fared Wednesday

Stocks rose sharply higher for a second straight day on signs that European officials are moving to support the region's struggling banks.

Analysts said the gains were triggered by reports that European officials are exploring ways to limit the damage should the Greek government default on its debt. Signs of growth in the U.S. economy also pushed stocks higher. Growth in the service sector was in line with Wall Street's expectations. Private companies added 91,000 jobs last month.

The Dow Jones industrial average gained 131.24 points, or 1.2 percent, to 10,939.95.

The Standard and Poor's 500 index rose 20.09 points, or 1.8 percent, to 1,144.04.

The Nasdaq composite rose 55.69 points, or 2.3 percent, to 2,460.51.

For the week:

The Dow is up 26.57 points, or 0.2 percent.

The S&P 500 is up 12.62 points, or 1.1 percent

The Nasdaq is up 45.11 points, or 1.9 percent.

For the year to date:

The Dow is down 637.56 points, or 5.5 percent.

The S&P 500 is down 113.60, or 9 percent.

The Nasdaq is down 192.36, or 7.3 percent.