US stocks follow European markets higher
Tuesday, September 6, 2011
NEW YORK (AP) -- U.S. stocks are following European markets sharply higher after a three-day losing streak.
European indexes rose broadly after a German court upheld the country's role in bailing out other countries in the European Union. The ruling renewed hopes that Europe will find a solution to its long-running debt problems.
Management shake-ups at Yahoo and Bank of America sent those stocks higher. Yahoo rose 5 percent after the company fired CEO Carol Bartz. Bank of America jumped 6 percent after the company said two top officers will leave.
The Dow is up 187 points, or 1.7 percent, to 11,326 at 11:45 am. The S&P 500 is up 24 points, or 2 percent to 1,189. The Nasdaq composite is up 52 points, or 2.1 percent to 2,525.