N.Y. stocks rally as eurozone fears retreat.
New York stocks rallied Tuesday, with the Dow index recovering to the 12,000 mark for the first time in about a week, as fears about the eurozone debt crisis eased.
The 30-issue Dow Jones Industrial Average, which dropped 100.13 points Monday, surged 337.32 points, or 2.87 percent, to end at 12,103.58. The technology-heavy Nasdaq Composite Index, which shed 32.19 points the previous day, jumped 80.59 points, or 3.19 percent, to 2,603.73.
Stocks drew across-the-board buying following Spain's successful government bond auction and the release of better business confidence data in Germany, market analysts said.
Investor sentiment also improved on a bigger-than-expected jump in U.S. housing starts for November, the analysts said.
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|Publication:||Japan Weekly Monitor|
|Date:||Dec 27, 2011|
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