US Stocks Rise In Volatile Session Amid Optimism Over Italy - WallStreet Journal

Hot economic news about US Stocks Rise In Volatile Session Amid Optimism Over Italy from WallStreet Journal NEW YORK (Dow Jones)--U.S. stocks surged Friday afternoon as investors applauded hints of progress in the euro-zone's debt crisis, underscoring a volatile session that saw major indexes whipsawed from steep declines.

The Dow Jones Industrial Average was recently up 91 points, or 0.8%, to 11476. The blue-chip index dropped as much as 245 points at its morning low, but bounced off the lows as investors cheered news that Italy will speed up its fiscal consolidation timetable.

Italy plans to push labor reforms and introduce a balanced-budget amendment in its constitution as part of an agreement with European Union authorities. Prime ...