NEW YORK (MCT) — U.S. stocks leapt Monday, posting their best day in at least a month, as Wall Street embraced moves by European leaders to join euro-area members in a fiscal union and on evidence U.S. holiday sales got off to a record start.
But Spar cautioned against jumping the gun. “Rome wasn’t built in a day, but the Italian bond market can take it down in just a few sessions,” he said.