Spanish bank rescue hopes boost Wall
June 6th, 2012 by admin

(Reuters) – Stocks rose on Wednesday, with the Nasdaq Composite up 2 percent, on signs of urgent moves in Europe to rescue Spain’s troubled banks.

The Dow Jones industrial average .DJI rose 204.84 points, or 1.69 percent, to 12,332.79. The S&P 500 Index .SPX gained 22.37 points, or 1.74 percent, to 1,307.87. The Nasdaq Composite .IXIC added 56.77 points, or 2.04 percent, to 2,834.88.

(Reporting by Chuck Mikolajczak, editing by Dave Zimmerman)