U.S. Stocks Soar, Dow Climbs Over 400 Points

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.

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