Dow Jones Industrial Average surges amid Italian debt reduction plan

© Scanpix/AP

Dow Jones Industrial Average Index added 0.65% or 78.41 points and closed at 12,097.83 on Monday trade as Monti's austerity and growth plan stimulated investor hopes for resolving debt crisis. Most of index's shares gained. Appreciation in the index was led by banks and tech-companies. Bank Of America Corp. advanced 2.66%, and J P Morgan Chase & Co climbed 3.65%. Microsoft Corp. soared 1.9% while Hewlett-Packard Company ascended 1.59%. On the downside was Mcdonald's Corp. that experienced a modest loss of 0.37%.