Friday, July 22, 2011

U.S. stocks rise on earnings, EU deal

U.S. stocks surged Thursday on better-than-expected reports from companies including AT&T Inc. and Morgan Stanley and increased optimism as European leaders reached a deal to resolve Greece’s debt crisis.

Stocks traded near their highs of the day as European Union leaders reiterated their support for Greece, following a summit in Brussels to contain the debt crisis from spreading further.
Just ahead of the closing bell, the European Council said in a statement that EU member states had reached an agreement to provide 109 billion euros ($156.7 billion) in official support to Greece

Dow Jones Industrial Average

 (DJI: ^DJI )
Index Value:12,724.41
Trade Time:4:02PM EDT
Change:Up 152.50 (1.21%)
Prev Close:12,571.91
Day's Range:12,566.61 -12,751.43
52wk Range:9,915.73 -12,928.50

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