Dow Tacks on Triple-Digit Gains; All Eyes on Europe

FOX Business: The Power to Prosper The blue chips climbed nearly 1% on Thursday, with consumer brands like Home Depot and Disney leading the way, while traders continued watching headlines from across the Atlantic. Today's Markets As of 12:00 p.m. ET, the Dow Jones Industrial Average rose 107 points, or 0.86%, to 12603, the S&P 500 climbed 9.9 points, or 0.75%, to 1325 and the Nasdaq Composite gained 17.2 points, or 0.61%, to 2836. Wall Street has struggled to define a direction this week as the critical elections in Greece loom just days away. With the period for opinion polls now over there, traders have shifted their focus to Spain and Italy, seen as the next potential victims of the debt crisis. Spain saw its 10-year bond yield soar to a euro-era record high at 7% on the back of downgrades from Moody's Investor Service and Egan-Jones on Wednesday. The cost to insure the country's debt is also hovering about a record high, according to financial data company Markit. Continue reading this article

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