U.S. Stocks Rally On Europe Rebound

Stocks are solidity higher today, benefiting from a rebound in Europe and a denial from China's that it is selling some of its Euro-bond holdings.

The Dow is up 200 and has re-taken the 10,000 level - currently at 10,175. The Nasdaq is up 58 and the S&P 500 is up 23.

European stocks rallied solidly today as bargain hunters pick-up beaten up names and nerves calm about the debt crisis. The FTSE 100, DAX and the CAC 40 all rose about 3% today.

A weaker-than-expected U.S. Q1 GDP number has not dampened the optimism here. The Commerce Department reported that the gross domestic product grew at a 3 percent annual rate during the January to March period, down from the initial estimate of 3.2 percent that was announced a month ago. Economists had expected a more robust showing of growth at a rate of 3.4 percent.

You May Also Be Interested In

• Apple shares slip amid guidance for tightening margins, slowing services growth
• Helen of Troy rejects $37-per-share takeover bid from Spectrum Brands
• S&P Global US Services PMI (Oct F) 56.1 vs 57.9 Expected