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Stocks surge as hopes for Europe brighten

September 28, 2011

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Stocks surged on hopes Europe is closer to containing its debt crisis. Germany vowed to do what it can to help Greece reassure investors; Greece said it will get the next round of bailout loans in time to avoid a default. All 30 Dow stocks rose, and just 19 S&P 500 stocks fell. But, said Ryan Detrick, at Schaeffer’s Investment, ‘This is still a very, very risky market.’