Stock indexes finished higher Wednesday following reports that China will come to the aid of Europe by investing in a financial rescue fund.
Agence France-Presse reported that China has agreed to invest in Europe's financial rescue fund, which will be used to support struggling countries and banks in the European Union. The Dow Jones industrial average jumped more than 100 points after the report came out in the early afternoon.
The Dow Jones industrial average gained 162.42, or 1.4 percent, to 11,869.04.
The S&P 500 rose 12.95, or 1.1 percent, to 1,242.
The Nasdaq composite rose 12.25, or 0.5 percent, to 2,650.67.
For the week:
The Dow is up 60.25, or 0.5 percent.
The S&P is up 3.75, or 0.3 percent.
The Nasdaq is up 13.21, or 0.5 percent.
For the year to date:
The Dow is up 291.53, or 2.5 percent.
The S&P 500 is down 15.64, or 1.2 percent.
The Nasdaq is down 2.20, or 0.1 percent.