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
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- 43 TV shows to watch in 2014
- How our botched understanding of 'science' ruins everything
- 6 things the happiest families all have in common
- The science of sex: 4 harsh truths about dating and mating
- 13 Urban Outfitters controversies
- Save the world... by changing how you pee
- This is what happens when Republicans actually enact their radical agenda
- How U2 became the new Nickelback
- Why so many Christians won't back down on gay marriage
Subscribe to the Week