Wall Street jumps as Spain moves toward reforms
NEW YORK (Reuters) – The S&P 500 snapped a five-day string of declines in a broad-based rally on Thursday, as Spain’s plans for economic reform eased some worries about one of the euro zone’s most troubled countries. The benchmark S&P 500 rose 1 percent, its biggest percentage gain since the Federal Reserve announced its plan for a third round of stimulus on September 13. Spain announced a detailed timetable for economic reforms for the fiscally troubled nation and a tough 2013 budget based mostly on spending cuts. . . .
View full post on Business News Headlines – Yahoo! News
Leave a Reply