pilgrimage. and now here is your first look at how wall street will kick off the day. the dow opens at 12,208 after surging 339 points yesterday. the s&p jumped 42 points, and the nasdaq spiked 87. taking a look at overseas trading this morning, in tokyo, the nikkei rose 123 points, while in hong kong, the hang seng climbed 330. a cloud lifted over wall street thursday as europe s plan to deal with debt sent stocks in and a newfound optimism soaring. all 30 stocks on the dow rose, closing above 12000 for the first time since august. wall street s so-called fear index fell a whopping 14%. sparkling economic data also pumped up investors. the economy grew at its fastest pace of the year in the third quarter, up dramatically over the prior three months. financials jpmorgan chase,
so the key now is to make sure there s strong followup, strong execution of the plans that have been put forward. as president and candidate for re-election in tough times mr. obama was crystal clear on the domino effect of that euro zone deal. if europe is weak, if europe is not grown as our largest trading partner that is going to impact our businesses and ability to create jobs here in the united states. a bit more positive news from the commerce department. it reported that the over all u.s. economy grew at an estimated annual rate of 2.5% in the third quarter. now that s hardly a robust rate yet it is nearly double the anemic growth back in the april, may, june quarter. can this rally be sustained? can we finally set aside worries of sliding back into recession? we begin with alison kosic live at the new york stock exchange tonight. was this rally all about europe? it was all about europe, john. the european debt deal is what wall street has been waiting for, f