Stcoks Jump after Release of Details about Spanish Budget
September 27, 2012 at 12:40 PM EDT
Stocks spiked shortly after noon on Thursday following the release of some details about Spain’s 2013 budget, which is expected to chop €40 billion from the deficit. Large spending cuts should reassure investors that the country will be able to meet Europe’s demands in return for bailout money. The country will also tap its pension [...]