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Shares Rise on News That France, Germany Seek to Stabilize Eurozone Shares Rise on News That France, Germany Seek to Stabilize Eurozo... Shares Rise on News That France, Germany Seek to Stabilize Eurozone Shares Rise on News That ...

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Homepage / economy

Shares Rise on News That France, Germany Seek to Stabilize Eurozone

October 10, 2011

U.S. markets added nearly 3 percent in trading on Monday, buoyed by news that France and Germany will take action by the end of the month to stabilize the eurozone.

(RELATED: Looking Across the Atlantic for Fixes to Flagging Economy)

The Dow Jones industrial rose 330.06 points or 2.97 percent; the Nasdaq added 86.70 points or 3.5 percent; and the S&P 500 closed up 39.43 or 3.41 percent.

 

Earlier Monday, French President Nicolas Sarkozy and Germany Chancellor Angela Merkel said after a bibilateral meeting that they would take action, including recapitalizing banks, before the G20 meeting scheduled for early next month.

(RELATED: Merkel, Sarkozy Want to Stabilize the Eurozone)

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