Dow soars as Wall Street logs record swings in week
Wall Street posted a major rally lifting the Dow by 423 points after a week of extreme volatility. Investors cited Cisco’s solid results and a firmer job market while European leaders planned talks to address the eurozone crisis as U.S. markets recovered from prior losses.
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GOP debate tightens as Pawlenty and Bachmann spar
In Ames, Iowa, eight Republican candidates debated with Mitt Romney drawing less fire as Tim Pawlenty and Michele Bachmann butted heads over records and performance. Obama’s ties and Romney’s Iowa State Fair remark framed a week of pivotal moves toward the straw poll.
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Perry announces presidential bid amid GOP race
Texas Governor Rick Perry confirmed he is running for president, a spokesman said, with plans to reveal on Saturday during visits to South Carolina and New Hampshire as rivals campaign in Iowa. The move adds momentum for conservatives seeking a strong nominee to challenge Barack Obama.
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