Great Day On Wallstreet: Acadiana Business Index

Investors bought the headlines, as a long-awaited agreement by European leaders will boost the region's bailout fund by $1.4 trillion. Mark Lasseigne has your market report on today's Acadiana Business Index.

• The Dow Jones Industrial Average rallied 339 points, to 12,208.

• In economic news, the government's initial report on third-quarter gross domestic product showed that U.S. growth rising at a rate of 2.5% from July through September.

Corporate news was again driven by earnings reports.

• Procter & Gamble reported better results but offered a lower outlook for full-year sales growth. PG up ½ % to $65.26

• Visa reported posted rising expenses and revenue that were just shy of forecasts. But earnings were higher than expected. V up 2 ½ % to $94.40

• Dow Chemical's beat revenue forecasts, driven by pricing and sales gains in all segments and geographic areas. DOW up 8.2% to $29.10

• And Exxon Mobil said its third-quarter earnings surged nearly 41% to $10.3 billion as it continued to benefit from climbing oil prices and stronger refining margins. XOM up 1% to $81.88

• Crude oil settled at $93.96 a barrel.

• And Gold closed higher at $1,748 an ounce.