Another day, another surge.But first, the scoreboard:
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 >
Business Insider Emails & Alerts
Site highlights each day to your inbox.