Wall Street rises on G20 optimism
Stocks rose at the open on Thursday on optimism the leaders at the G20 meeting underway in London will agree on ways to temper the economic crisis. Highlights:
* FASB says new mark-to-market effective in Q2
* KBW banks index <.BKX> rises 4.7 percent
* Jobless claims were higher than expected
* The Dow Jones industrial average <.DJI> gained 165.43 points, or 2.13 percent, to 7,927.03. The Standard & Poor's 500 Index <.SPX> added 17.64 points, or 2.17 percent, to 828.72. The Nasdaq Composite Index <.IXIC> rose 27.14 points, or 1.75 percent, to 1,578.74.
(Reporting by Rodrigo Campos)
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