News Summary: At long last, the market goes up

AP News
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Posted: May 21, 2012 4:15 PM
News Summary: At long last, the market goes up

STOPPING THE BLEEDING: The Dow and other U.S. stock indexes climbed Monday after falling every day last week. The Dow rose 135 points, its first triple-digit gain since April 26.

EYES ON CHINA: Investors were encouraged by weekend statements from the Chinese premier, who promised to spur growth in the world's second-largest economy, a shift from previous rhetoric about curbing inflation.

NO THANKS TO EUROPE: The gains came despite continued concerns about Europe. Investors were disappointed that a weekend meeting of Group of Eight world leaders failed to produce concrete plans for how to deal with Greece and other heavily indebted European countries.