STOCKS EXPLODING HIGHER, DOW UP 200

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Photo: Google Finance

UPDATE:
Stocks continue to roar higher.  The Dow’s now up 200 points.EARLIER:
Markets are surging this morning after a Spanish sovereign debt auction that wasn’t a total disaster. 

The Dow is up 170 points, or 1.3 per cent. 

The Nasdaq is outperforming with a 1.5 per cent gain. Yesterday, the sell-off in Apple and Google caused the tech-heavy index to underperform.

The IMF announced that it boosted its estimate for global GDP growth to 3.5 per cent from 3.3 per cent.

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