Dow Up 150 on EU Proposal

Germany floats idea of loan guarantees
By Nick McMaster,  Newser Staff
Posted Feb 9, 2010 3:23 PM CST
Specialist Anthony Sherman, second left, works at his post on the floor of the New York Stock Exchange, Tuesday, Feb. 9, 2010.   (AP Photo/Richard Drew)
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(Newser) – A plan proposed by Germany to offer Greece and other economically troubled EU nations loan guarantees helped soothe global markets today and drove a rally in US stocks, the Wall Street Journal reports.

  • The Dow rose 150 points to close at 10,059.
  • The Nasdaq added 25 points, settling at 2,151.
  • The S&P 500 gained 14 points, closing at 1,071.

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