Wall Street Sees Strong Gains Amid Prospective Greece Bailout
Tuesday February 09, 2010 16:46:00 EST

(RTTNews) - Stocks rallied on Tuesday, as some bargain hunting and the prospect of a bailout for debt-embattled Greece drove the markets higher. The major averages all closed in positive territory, moving further away from recent three-month closing lows. The Dow gained more than 150 points, climbing back above the 10,000 mark.

The increased likelihood of a bailout for Greece by the European Union boosted buying interest, as European Central Bank President Jean-Claude Trichet left earlier than expected to attend a European Union leaders' summit, where the details for the bailout are expected to be drawn up.

In U.S. economic news, the Commerce Department released a report showing an unexpected decrease in wholesale inventories in the month of December, although th (continued...)