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Tuesday, October 4, 2011

Stocks Rallied On European Plan To Recapitalize Banks

Standard & Poor's 500-stock index rallied on the news that European leaders may consider further help to the region's banks.Investors put their money in technology and other beaten-down sectors and the index posted its largest gain in more than a week.Markets are volatile due to Europe's debt crisis.

Finance ministers from the 17 European Union nations that use the euro postponed moves to release the next installment of aid to Greece till mid november.The S&P 500, finished with a gain of 24.72 points, to 1123.95, is now off 18% from its April 29 peak.

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