Volatile Markets Reverse Course On EU, Italy Deal;Euro, DJIA Up - WallStreet Journal

latest updated news about Volatile Markets Reverse Course On EU, Italy Deal;Euro, DJIA Up from WallStreet Journal
NEW YORK (Dow Jones)--In the latest twist on an extremely volatile trading day, risk sentiment improved Friday after news that Italy agreed to speed up fiscal reforms.

The Dow Jones swung wildly throughout the day, and was recently up 123 points, or 1.1%, to 11507. It has traded in a 416-point range as market participants traded bouts of excitement over upbeat news on U.S. jobs and European debt problems with concerns about the long-term health of the global economy.

"The somewhat stabilizing news out of Europe is allowing us to bounce from very over-sold levels," said Tom Donino.