Euro debt deal sends markets higher

News that European leaders were drawing up a new rescue plan for Greece and taking a broader approach to dealing with Europe’s debt troubles drove markets higher Thursday.

Euro debt deal sends markets higher
Fri, 22 Jul, 2011 - 08:18

News that European leaders were drawing up a new rescue plan for Greece and taking a broader approach to dealing with Europe’s debt troubles drove markets higher Thursday.

The Dow rose 152 points. Oil crossed above 100 dollars for the first time since June. The euro rose against the dollar, and US government bonds fell.

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