Stocks briefly added to gains in afternoon trading on Wednesday as a draft statement obtained by Reuters said the euro zone aims to leverage its 440 billion euro bailout fund, the EFSF, several fold.
Finance ministers will only agree the details of how that will be done in November. The statement is expected to be issued after a summit Wednesday. For details, see
The Dow Jones industrial average <.DJI> was up 113.41 points, or 0.97 percent, at 11,820.03. The Standard & Poor's 500 Index <.SPX> was up 7.86 points, or 0.64 percent, at 1,236.91. The Nasdaq Composite Index <.IXIC> was up 5.17 points, or 0.20 percent, at 2,643.59.
(Reporting by Caroline Valetkevitch; Editing by Kenneth Barry)