According to a report from the Financial Times, the current European Financial Stability Fund would continue to exist, while officials would introduce a new €500 billion facility in mid-2012. Plans for doubling up the financial firewall will be presented at the European Union summit later this week. Stocks wavered much of the day as investors awaited more details on Europe's plans to get its fiscal house in order and avert a sweeping Standard & Poor's rating downgrade for the eurozone after the ratings agency placed 15 countries on negative watch late Monday. The Dow Jones Industrial Average rose 52.3 points, or 0.4%, to finish at 12,150. The blue-chip index ran as high as 12,216 following the FT report. The S&P 500 added 1.4 points, or 0.1%, to close at 1258, while the Nasdaq fell 6.2 points, or 0.2%, to settle at 2650.
NEW YORK (TheStreet) -- Stocks finished mixed Tuesday as a late rally on a report that European leaders may create a second bailout fund to contain the region's debt crisis ran out of steam.
2012 Stock Predictions and Outlook
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