Summary Box: Dow surges 181 points as fears ebb

AP News
|
Posted: Apr 12, 2012 5:12 PM
Summary Box: Dow surges 181 points as fears ebb

SECOND-BEST: Encouraging signs from China and Europe, two of the most important zones of the world economy, drove the Dow Jones industrial average up 181 points, its second-biggest gain this year.

FIRST STOP, ITALY: Italy raised $6.4 billion in a sale of government bonds, curbing fears about Europe's debt crisis, at least for a day. After the auction, European stock indexes reversed earlier losses.

NEXT, CHINA: China's central bank reported a surprising jump in loans in March. That eased concerns about a sharp slowdown in the world's second-largest economy.