The New York Times
Mon, May 10, 2010 -- 9:43 AM ET
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Dow Industrials Jump 3% in First Minutes, Following Strong Gains in Europe
Investors bid American stock indexes up sharply to start the
trading day, following major gains abroad, after European
leaders and major central banks announced an array of
emergency lending measures aimed at easing the sovereign debt
crisis. The euro also rose against the dollar.
The Dow Jones industrial average jumped more than 400 points,
or nearly 4 percent, in the first 8 minutes of trading on the
New York Stock Exchange, and broader indicators like the
S.&P. 500 and Nasdaq composite posted similar gains.
Major indexes in Britain and Germany were up more than 4
percent, and those in Italy, France and elsewhere more than 8
percent.
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