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News Link • Economy - Economics USA

STOCKS EXPLODE HIGHER AND RUMORS ARE FLYING

• http://www.businessinsider.com
 of action today.

First the scoreboard:

Dow: 12,651, +155.5, +1.2%
S&P 500: 1,329, 14.2, +1.0%
NASDAQ: 2,836, 17.7, +0.6%

And now the top stories:

Things got really scary this morning in Europe. Spain's 10-year yield surged to 7 percent this morning, a euro era, all-time high. High interest rates just make it that much harder to manage its mountain of debt. SEE ALSO: 14 Reasons Spain Is Turning Into A Disaster > Meanwhile, Italian interest rates surged to 5-month highs as the government held three big bond auctions. It's also worth noting that the Greek stock market surged, even on reports that unemployment surged. There were reports that "secret polls" ahead of Sunday's big Greek elections showed that the pro-bailout New Democracy party is leading. This helped offset fears that the anti-bailout Syriza party would rise to power and push actions that could eventually cause Greece to exit the euro. SEE ALSO: This Used To Be The 10th Richest Shopping Street In The World – Now Look At It >

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