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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India has withdrawn the drug pricing authority's powers that allowed it to fix the prices of medicines not deemed essential, after its decision to impose price caps on more than 100 drugs in July triggered industry protests. Article