Wall St rallies further on budget talk hopes
NEW YORK (Reuters) - Wall Street rallied on Monday, with the Nasdaq Composite up 2 percent, as investors were encouraged by the early tone in talks to tackle the U.S. fiscal crunch and by data that showed an advance in the housing sector's recovery.
The Dow Jones industrial average rose 175.82 points, or 1.40 percent, to 12,764.13. The S&P 500 Index gained 23.74 points, or 1.75 percent, to 1,383.62. The Nasdaq Composite added 56.70 points, or 1.99 percent, to 2,909.83.
(Editing by Dan Grebler)
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A Malaysia Airlines flight carrying 227 passengers and 12 crew went missing over the South China Sea on Saturday, presumed crashed, as ships and planes from countries closest to its flight path scoured a large search area for any wreckage. Full Article