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Stocks soaring on news of EU plant to fight debt

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Posted: May 10, 2010 8:42 AM by John Pastorek
Updated: May 10, 2010 8:51 AM
Source: Associated Press

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Topics: Wall Street, stocks, Dow Jones, euro, Europe, Greece, debt crisis, European Union

A plan to combat Europe's spreading debt crisis has sent stocks soaring.

The European Union has agreed to put up $1 trillion to protect the euro and shore up member economies.

Stocks surged in Europe and in early trading on Wall Street the Dow Jones was up my more than 400 points.

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