Looking to Bounce Back After Yesterday's Late-day Pullback

After a late-day slide yesterday pulled the major equity markets below the flatline, stocks are nicely higher in morning action as some fears about the sovereign debt problems in Greece are easing. Some focus is on the Dow Jones Industrials as a couple of members of the blue chip index announced results, with Coca-Cola Co. matching earnings expectations but exceeding revenue projections, and McDonald's announced that global January same-store sales bested analysts' forecasts despite a decrease in the US. In other equity news, Electronic Arts Inc. missed the Street's profit estimate and it issued a disappointing 4Q earnings outlook. Treasuries are lower as the economic calendar remains light, with wholesale inventories expected to be released just after the opening bell. Overseas, Asia was mixed and Europe is modestly higher.