Stocks made significant gains on Thursday as international confidence grew in response to Europe’s pledge to support Greece. The debt crisis in Europe, which applies so Spain and Portgual as well has been interpreted by investors as being among the primary threats to an economic recovery. All three major indices benefited though oil, energy and materials stocks saw some the biggest gains.
The Dow Jones industrial average gained 105.81, or 1.1 percent, to 10,144.19 while the Standard & Poor's 500 index increased by 10.34, or 1 percent, to 1,078.47. The Nasdaq composite index also rose, tacking on 29.54, or 1.4 percent, to 2,177.41.
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