Advertisement
YOU ARE HERE: LAT HomeCollectionsStocks

Stocks gain on Spanish banking bailout

July 10, 2012|By Andrew Tangel
  • The Dow Jones industrial average was up about a third of a percent in early trading. Above, traders on the floor of the New York Stock Exchange.
The Dow Jones industrial average was up about a third of a percent in early… (Spencer Platt / Getty Images )

NEW YORK -- Stocks gained in early trading Tuesday after European leaders agreed on bailout terms for Spain's troubled banking system.

The Dow Jones industrial average gained 43 points, or 0.3%, to 12,779 shortly after the opening bell.

The Standard and Poor's 500 index rose 7 points, or 0.5%, to 1,359. The Nasdaq was up 8 points, or 0.3%, to 2,939.

Major European stock indexes were up about 1% or more.

Spain's costs of borrowing eased, meanwhile. The country's 10-year bond yield slid to about 6.7%, down from about 7% Monday.

ALSO:

Stocks off to rocky start as earnings season begins

California gasoline prices still falling; national average rises

Fender IPO set at $13 to $15, values guitar maker at $395 million

Advertisement
Los Angeles Times Articles
|
|
|