Wall Street advances 2 pct as Europe concerns ease

U.S. stocks rallied on Wednesday, reversing three days of losses on hopes the European debt crisis might ease after Germany's top court smoothed the way for Berlin's participation in bailout packages.

The S&P and Nasdaq both topped 2 percent, and all ten S&;P sector indexes were higher in a broad rally.

European stocks bounced back from a two-year low after the German court rejected lawsuits aimed at blocking the country from joining in to aid Greece 

Note EU-Digest: listening to US news commentators "gloom and doom" reports about the World economy gives the impression as if Europe is the reason for the US economic troubles instead of the other way around

For more: US STOCKS-Wall St advances 2 pct as Europe concerns ease | Reuters