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July 06, 2010

U.S. stocks make strong and cautious return.

But "ratchet down" expectations for rest of 2010. WSJ: "US Stocks Rise, Australian Comments Lift Growth Hopes".

NEW YORK (Dow Jones)--U.S. stocks roared back from a deep slump Tuesday as an encouraging forecast from Australia's central bank and strong semiconductor sales fueled fresh optimism for stronger global demand.

The Dow Jones Industrial Average rose 131 points, or 1.4%, to 9818, in recent trading. The Standard & Poor's 500-stock index climbed 1.5% to 1038.

All of the S&P 500's sectors were in the black, led by its financials and technology.

Posted by Holden Oliver (Kitzb├╝hel Desk) at July 6, 2010 11:02 PM

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