Posted on 06/10/2010 7:14:07 AM PDT by blam
U.S. Stocks Open Sharply Up As Euro Gains
June 10, 2010, 9:43 a.m. EDT
Kate Gibson
(MarketWatch) -- U.S. stocks opened sharply higher Thursday as Europe's common currency was lifted by a variety of developments, including reports that the German Constitutional Court had rejected an effort to block Germany from participating in guarantees viewed as critical to Europe's stabilization program.
The euro climbed above $1.21 and more recently stood at $1.2096. The Dow Jones Industrial Average /quotes/comstock/10w!i:dji/delayed (DJIA 10,131, +232.24, +2.35%) gained 168.83 points to 10,068.08.
The S&P 500 Index /quotes/comstock/21z!i1:in\x (SPX 1,080, +24.13, +2.29%) rose 18.08 points to 1,073.77. The Nasdaq Composite /quotes/comstock/10y!i:comp (COMP 2,200, +41.40, +1.92%) added 31.78 points to 2,190.63
(Excerpt) Read more at marketwatch.com ...
“Suckers rally” before a really “black Friday”?
It’s all fake, as usual:
“GS Has Bought Over 1K S&P Big Contracts Since The Open”
“Straight from the pits. Call it a cool half a billion used to ramp up the market.”
http://www.zerohedge.com/article/gs-has-bought-over-1k-sp-big-contracts-open
Opens higher....closes lower.....Bear market.
Back in the saddle again?......Not!
Trade deficit grows due to fewer exports - check.
Record foreclosures - check.
Maybe I'm just a gloom and doomer, but I don't see how you get to +230 from here.
Well... (I don't know how it did it either)
It closed up +273.
Markets Surge With MONSTER Wire-To-Wire Rally: Here's What You Need To Know
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