NEW YORK (CNNMoney) -- U.S. stocks rallied right out of the gate Thursday, with the major indexes jumping about 3%, after European Union leaders agreed to expand Europe's bailout fund and take major losses on Greek bonds.
The Dow Jones industrial average (INDU) shot up 340 points, or 2.9%. The S&P 500 (SPX) gained 43 points, or 3.4%, and the Nasdaq composite (COMP) surged 88 points, or 3.3%.
The day's rally pushed the S&P 500 into positive territory for the year for the first time since Aug. 4. The broad index is now on track for its best monthly performance since October 1974.
Market Report - Oct. 27, 2011 - CNNMoney
The Dow Jones industrial average (INDU) shot up 340 points, or 2.9%. The S&P 500 (SPX) gained 43 points, or 3.4%, and the Nasdaq composite (COMP) surged 88 points, or 3.3%.
The day's rally pushed the S&P 500 into positive territory for the year for the first time since Aug. 4. The broad index is now on track for its best monthly performance since October 1974.
Market Report - Oct. 27, 2011 - CNNMoney