Wall Street ends up for third day on bank hopes

06/10/2011 - 22:05

NEW YORK (Reuters) - U.S. stocks ended higher for a third day in a row on Thursday as developing euro zone plans to backstop European banks provided investors with hope the threat of a financial crisis was waning.

Based on the latest available data, the Dow Jones industrial average was up 181.15 points, or 1.66 percent, at 11,121.10. The Standard & Poor's 500 Index was up 20.75 points, or 1.81 percent, at 1,164.78. The Nasdaq Composite Index was up 45.83 points, or 1.86 percent, at 2,506.34.

(Reporting by Caroline Valetkevitch; Editing by Kenneth Barry)