Solid Advance Intact as Greece Debt Worries Contract

After a disappointing late-day slide yesterday, stocks are recouping some of their losses in late-morning action as sovereign debt concerns in the Eurozone are easing somewhat on speculation European officials may be nearing a plan to help Greece attempt to get its deficit issues under control. The dollar is under pressure, pausing from its recent rally, which is helping boost commodity-related issues and the overall advance in the equity markets. 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 and exceeding revenue projections, while 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 guidance. Treasuries remain lower, holding onto losses following an unexpected drop in wholesale inventories. Overseas, Asia was mixed and Europe has moved to session highs in late-day action, finding some support from the aforementioned waning concerns about Greece's deficit problems.