S&P rises 11% in a week

The S&P 500 closed at 1,195 last night, a rise of more than 39 points on the day, leaving it 10.8% above the 1,078 level reached in early trading on 4 October. The index also closed above its 50-day moving average for the first time since July. The Dow Jones Industrial Average rose by 330 points, or 3%, to close at 11,433 points as markets grew more confident over the likelihood of a resolution to the eurozone crisis. In the UK, the FTSE 100 rose 1.8% to 5,399 last night, but has opened down 0.5% in early trading today. Policymakers have set an end of the month deadline for reso...