Comment on S&P 500 Index Extends Gains To 3%

S&P 500 Index Extends Gains To 3%

NEW YORK -- The Standard & Poor's 500 Index rose 3% in afternoon trading Monday, touching 1,191.38, led by the energy, financial and material sectors. The market's broad gains stemmed from a French and German pledge to recapitalize Europe's banks. It lately traded at 1,188.46.

 

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