WKYT | Lexington, Kentucky | News

US stocks rise on new European budgetary pact

NEW YORK (AP) - U.S. stock indexes are opening higher after 26 European nations agreed to consider tying their economies more closely in hopes of preventing another debt crisis.

All 17 nations that use the euro will sign a treaty that allows a central European authority closer oversight of their budgets. Nine other EU nations are considering it. Britain is the sole holdout.

DuPont limited the Dow's gains, falling more than 6 percent after the company said it expects earnings this year will fall well short of Wall Street's expectations.

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