Markets are poised to end the month on a very high note after European leaders agreed to allow countries to recapitalize banks directly. This move will allow the countries to avoid increasing their budget deficits. There weren't particularly high hopes for the summit, so this news certainly had investors excited. The Dow has jumped over 200 points, around 2%, on the day, with the S&P 500 and Nasdaq gaining over 2%. Individually, Bank of America and United Technologies are big winners so far, but a surprising loser is Ford. Check out the video below for more on why these companies are big movers today.
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The article What's Behind The Dow's Huge Gain Today originally appeared on Fool.com.
Brendan Byrnes owns shares of Ford and United Technologies. The Motley Fool owns shares of Bank of America and Ford. Motley Fool newsletter services recommend Ford. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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