Wall St jumps on Europe bets

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US stocks jumped and blue chips clawed back more than one-third of last week's steep losses this morning, as investors bet efforts will be taken to stem Europe's sovereign-debt crisis. The Dow Jones Industrial Average climbed 272.38 points, or 2.53 per cent, to 11,043.86, in choppy trading that saw the measure leap to an early triple-digit gain, give back almost all of it midsession and then move higher still. The activity follows the Dow’s biggest weekly point drop since October 2008. Worries of a Greek default and further turmoil in global markets have driven sentiment in US markets for weeks. The Standard & Poor’s 500-stock index gained 26.52 points, or 2.33 per cent, to…

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