Stocks Just Had Another Awesome Day: Here's What You Need To Know

Bull Riding PBR Madison Square Garden

Photo: Dashiell Bennett/Business Insider

Another day, another surge.But first, the scoreboard:

Dow: +107.47
NASDAQ: 16.53
S&P 500: +7.24

And now, the top stories:

  • The big story of the weekend was the ongoing noise out of Europe regarding the expanded European Financial Stability Fund. Governments seem to be inching closer and closer to a consensus about using the fund to its fullest and in flexible fashion to save the PIIGS. That set a bullish tone for the Euro once again.
  • In Asia things were pretty quiet.
  • In the US, the news was pretty quiet ahead of what’s going to be a very busy week. McDonald’s reported a kind of “meh” earnings report, but the stock ended up rising. Despite its lockup expiring, and a new share offering, big-time rare earths player MolyCorp had a huge day, gaining 8%. Apple finally reversed its decline, following the news of Steve Jobs’ temporary departure. After Friday’s slide, Bank of America fell again >
  • Anyway, the real party starts tomorrow, when we get news like Case-Shiller, and the State of the Union. There’s also an FOMC meeting that starts tomorrow, and ends Wednesday.
  • Click here for 13 signs that we’re in a brand new bubble >

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