Stocks Strong As Nerves Calm
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Stocks are sharply higher Tuesday following the long-holiday weekend as the situation in Greece calms slightly, hopes rise that China is open to more easing and U.S. earnings proved much stronger than expected.
The Dow is up 135 to 12,590, the Nasdaq is up 34 and the S&P 500 is up 14.
In Greece, new polls showed that the New Democracy party could defeat the anti-austerity, left wing party Syriza in the upcoming elections.
In China, there is hope that the country could move toward more aggressive easing to stimulate the slowing economy. Investors are pointing to comments from China's finance minister who said the nation will subsidize the use of energy-savings products, which could create additional consumption of $21.3 billion.
In the U.S., as first quarter earnings season winds down, data showed that 65 percent of companies that reported posted positive earnings surprises.
The Dow is up 135 to 12,590, the Nasdaq is up 34 and the S&P 500 is up 14.
In Greece, new polls showed that the New Democracy party could defeat the anti-austerity, left wing party Syriza in the upcoming elections.
In China, there is hope that the country could move toward more aggressive easing to stimulate the slowing economy. Investors are pointing to comments from China's finance minister who said the nation will subsidize the use of energy-savings products, which could create additional consumption of $21.3 billion.
In the U.S., as first quarter earnings season winds down, data showed that 65 percent of companies that reported posted positive earnings surprises.
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