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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...)
Economic News
Tuesday February 09, 2010
- Reports: Germany Yet To Decide On Possible Aid Package To Greece
16:43:00 EST - Bernanke Hearing Postponed Due To Weather
11:57:00 EST - Wholesale Inventories Show Unexpected Decrease In December
10:58:00 EST - Wholesale Inventories Fell 0.8% In December
10:10:00 EST - Airbus To Deliver Over 100 Aircraft To China In 2010
10:05:00 EST - *Wholesale Inventories (Dec.) Down 0.8%
10:01:00 EST
Global Market News
Tuesday February 09, 2010
- IBM Signs 5-yr Remote Managed Services Agreement With Sandhar Technologies - Update
15:23:00 EST - Strong Opens Forecast For New Zealand, Australia Shares
15:20:00 EST - European Markets Rise, Led By Banks, Miners - European Commentary
14:03:00 EST - India Suspends Launching Of Genetically-modified Vegetable Crop On Safety Concerns
11:19:00 EST - India Says 'no' To Genetically-modified Vegetable Crop On Safety Concerns
10:59:00 EST - India Says 'no' To Genetically Modified Vegetable Crop Due To Safety Concerns
09:04:00 EST
Industry News
Tuesday February 09, 2010
- Stocks Post Strong Gains Amid Prospective Greece Bailout - U.S. Commentary
16:31:00 EST - Major Averages Close Firmly Positive As Traders Go Bargain Hunting
16:19:00 EST - Stocks Hovering Near Highs In Mid-Afternoon Trading - U.S. Commentary
14:37:00 EST - TSX Jumps On Greece Rescue Rumors
14:03:00 EST - Major Averages Holding Onto Strong Gains In Mid-Afternoon Trading
13:57:00 EST
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General News
Tuesday February 09, 2010
- Reports: Germany Yet To Decide On Possible Aid Package To Greece
16:43:00 EST - Cell Phone Store Worker Shot During Robbery
16:38:00 EST - Pro-Government Protestors Attack Italian Embassy In Tehran
15:48:00 EST - University Officials Ask State For Promised Funding
15:06:00 EST - Iran Goes Ahead With Processing Nuclear Fuel
12:37:00 EST - Three NATO Troops Killed In Afghanistan
12:32:00 EST