Stocks see biggest gain in over a month

Stocks see biggest gain in over a month

U.S. stocks saw their biggest gains in over a month after European leaders signaled a willingness to tackle the financial crisis brewing there.

The Dow Jones industrial average ended Monday up 330.06 points, or 3%, to 11,433.18. The broader Standard & Poor’s 500 index jumped 3.4%, or 39.43 points, to 1,194.89.

Over the weekend, French President Nicolas Sarkozy and German Chancellor Angela Merkel announced in Berlin that they would come up with a plan to help stabilize and recapitalize struggling European banks. They gave few specifics but said a definite plan would be ready by a Nov. 3 meeting of the Group of 20.
(via LAtimes)