Stocks Jumps on Euro Zone Yields
U.S. stocks rose in midday trading on Thursday as concerns about rising yields in some euro zone countries eased. The Dow Jones Industrial Average (DJI:DJIA) rose 161.4 points, or 1.3%, to 12,967.3. The S&P 500 Index advanced 16.80 points, or 1.2%, to 1,385.51. The Nasdaq Composite climbed 38.64 points, or 1.3%, to 3,055.10.
Benchmark bond yields in Italy and Spain ticked lower following an Italian auction of three-year notes, while the euro rose against the dollar, signaling easing near-term concern about the euro zone’s debt troubles.
It’s had almost eight years to enjoy the spotlight as one of the great initial public offering investments in Silicon Valley history. Now Google Inc., like everybody else, waits for next month’s Facebook IPO to see if history will repeat itself.