Tuesday, 27 September 2011

U.S. Stocks Rise on Speculation Europe Will Solve Debt Crisis

Sept. 27 (Bloomberg) -- U.S. stocks advanced, following the biggest gain in one month for the Dow Jones Industrial Average, amid speculation that policy makers will move to avoid a worsening of the European debt crisis.

Bank of America Corp. and JPMorgan Chase & Co. added at least 2.5 percent, following gains in European lenders. Alcoa Inc. and Chevron Corp. rose more than 2.3 percent to pace a rally in commodity producers. Apple Inc. added 0.6 percent as JPMorgan analyst Mark Moskowitz said research from his colleagues in Asia about a cut in the company's iPad orders doesn't represent the views of the securities firm's U.S. team.   Read More

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