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Stocks Rebound After Last Week's Decline

Comstock/Thinkstock(NEW YORK) -- After last week's gloom and doom, markets were buoyed by optimism Monday. Stocks rose on hopes that European leaders finally have a plan to resolve the region's debt crisis. Finance ministers have pledged to take bolder steps to keep Greece afloat.  

After last week's 6.5-percent drop in blue chips, Monday turned around with some buying.
The Dow closed up 272 points at 11,044.  The Nasdaq gained 33 points, and the S&P also closed up 27.

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