Comment on Markets surge on debt deal, corporate earnings

Markets surge on debt deal, corporate earnings

A potential breakthrough on a new plan to cut the budget deficit and raise the federal borrowing limit helped buoy Wall Street investors Tuesday, giving stocks their best one-day performance so far this year. After slumping earlier this summer amid concerns about the debt crisis in Europe as well as the faltering economic recovery in the United States, all the major indicators are now solidly in positive territory for the year. The Dow Jones industrial average gained 202.26 points Tuesday, climbing 1.6 percent — its largest point and percentage gain since December 2010. Read full article >>

 

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