Stocks are rising strongly at midday on signs of resilience in Europe's debt markets and a gradual slowdown in China.
The Standard & Poor's 500 index topped 1,300 Tuesday for the first time since July, before the European debt crisis set off months of shocking volatility.
Debt auctions by Spain, Greece and the European bailout fund drew strong interest, easing fears that recent credit-rating downgrades would prevent them from obtaining needed funds.
China's government said that growth there slowed in the fourth quarter to 8.9 percent, better than the 8.7 percent that analysts had predicted.
The Dow Jones industrial average is up 119 points, or 1 percent, at 12,540. The S&P 500 is up 11, or 0.9, at 1,300. The Nasdaq is up 30, or 1.1 percent, at 2,741.
Copyright 2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.
If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.powered by Disqus