Summary Box: Stocks rise as Europe fears ease

AP News
|
Posted: Nov 10, 2011 5:13 PM
Summary Box: Stocks rise as Europe fears ease

GREECE: Signs of progress in Europe's debt crisis helped lift stocks Thursday. A day after a breakdown in power-sharing talks in Greece jolted financial markets, senior banker Lucas Papademos was named prime minister of a new coalition government.

ITALY: Italy borrowed $6.8 billion at lower interest rates than analysts expected. Italy's benchmark rate dropped below 7 percent after spiking above that level Wednesday.

INDEXES: The Dow Jones industrial average rose 112 points, or 1 percent, to close at 11,893. The S&P 500 index gained 10, or 0.9 percent, to 1,239. The Nasdaq rose 3 points, or 0.1 percent, to 2,625.