On Friday, the Dow Jones Industrial Average recorded its second-biggest gain of 2012, after European leaders announced a new plan to resolve their ongoing debt crisis. Among other things, the plan would allow the European Union to use its bailout fund to directly recapitalize tottering banks, easing investor concerns that the continent's fragile banking industry could add to the debt load of nations already deeply in the red. The Dow rose 278 points to close at 12,880, while the larger S&P 500 index climbed 33 points to end the day at 1,362.
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- Why is the Pentagon stuffing caves in Norway full of tanks?
- 43 TV shows to watch in 2014
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- The one thing the New Atheists get right about religion
- 3 horrific inaccuracies in Homeland's depiction of Islamabad
- Syrian women know how to defeat ISIS
- The U.S. government is actually trouncing Ebola. When will it get credit?
- Why America needs more billionaires
- Gamergate has backfired spectacularly on its nincompoop perpetrators
- The uncomfortable truth in The Giving Tree
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