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.

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.