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US Stocks rose
US Stocks rose on bets European leaders will act to ease the region’s debt crisis.
Stocks rose as German Chancellor Angela Merkel and French President Francois Hollande said their countries are “bound by the deepest duty” to keep the euro area intact and they will do “everything” necessary to protect the currency.
Le Monde reported the European Central Bank is preparing to buy debt in the secondary market to be followed by purchases in the primary market by government-financed bailout funds.
Health-care companies rallied the most other industry groups. Merck gained more then 3%.
Currently:
Dow 13,003.38 +115.45 +0.90%
Nasdaq 2,933.33 +40.08 +1.39%
S&P 500 1,376.18 +16.16 +1.19%
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