U.S. Stocks Soar, Dow Climbs Over 400 Points
Tweet
Share
E-mail
Get Alerts AAPL Hot Sheet
Join SI Premium – FREE
U.S. stocks are roaring higher today after the EU stepped in this weekend with a nearly $1 trillion dollar stabilization plan to stop the Greek debt contagion fears.
The Dow is up 421 points to 10,801, the Nasdaq is up 110 and the S&P 500 is up 52.
Large-cap tech stocks are leading the gains on the Nasdaq with Apple (Nasdaq: AAPL) up 6% after last week's 10% sell-off. In addition Intel (Nasdaq: INTC) is up 5.5%, Cisco Systems (Nasdaq: CSCO) is up 7%, Microsoft (Nasdaq: MSFT) is up 3.6% and Google (Nasdaq: GOOG) is up 4.6%.
In addition to the EU stabilization plan, the U.S Federal Reserve provided more liquidity to the system with the re-establishment of temporary U.S. dollar liquidity swap facilities. The Bank of Japan will be considering similar measures soon.
The Dow is up 421 points to 10,801, the Nasdaq is up 110 and the S&P 500 is up 52.
Large-cap tech stocks are leading the gains on the Nasdaq with Apple (Nasdaq: AAPL) up 6% after last week's 10% sell-off. In addition Intel (Nasdaq: INTC) is up 5.5%, Cisco Systems (Nasdaq: CSCO) is up 7%, Microsoft (Nasdaq: MSFT) is up 3.6% and Google (Nasdaq: GOOG) is up 4.6%.
In addition to the EU stabilization plan, the U.S Federal Reserve provided more liquidity to the system with the re-establishment of temporary U.S. dollar liquidity swap facilities. The Bank of Japan will be considering similar measures soon.
Create E-mail Alert Related Categories
General NewsRelated Entities
Standard & Poor'sSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
