Wall Street climbs two percent on talk of Spain solution
NEW YORK (Reuters) – Stocks jumped on Wednesday, giving the S&P 500 its best day since December, as talk of a rescue of Spain’s troubled banks and hopes for more monetary stimulus sparked a rebound from recent selling. After a 6 percent fall by the S&P 500 in May that took the index below its key 200-day moving average on Friday, the market was ripe for a rebound, analysts said. Buying was strong across the broad market, with all 10 S&P 500 sectors gaining ground. The energy, financial and technology sectors, all of which are tied to strong global demand, led gainers Wednesday. . . .
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