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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 Eurozone

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economy

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

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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