Sunday, November 6, 2011

Futures rally on ECB rate cut, doubt on Greek vote (Reuters)

NEW YORK (Reuters) ? Stocks rose 1 percent at the open on Thursday after the European Central Bank surprised markets by cutting interest rates and as a Greek referendum on its euro zone membership was put into question.

The Dow Jones industrial average gained 136.00 points, or 1.15 percent, to 11,972.04. The Standard & Poor's 500 Index rose 12.66 points, or 1.02 percent, to 1,250.56. The Nasdaq Composite Index climbed 23.93 points, or 0.91 percent, to 2,663.91.

(Reporting by Chuck Mikolajczak; editing by Jeffrey Benkoe)

Source: http://us.rd.yahoo.com/dailynews/rss/business/*http%3A//news.yahoo.com/s/nm/20111103/bs_nm/us_markets_stocks

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