The DOW climbed 157.18 points today after being down six of the seven past sessions. The NASDAQ also moved upwards by over 44 points. The U.S. stock climb followed a rebound in Asian markets. MSNBC.com reports that computer screens were finally showing more green again.
The advance Tuesday treated Wall Street traders to what had become a rare sight - the color green splashed across their computer screens that show stock prices, instead of last week's red. But, after being knocked about by erratic market shifts in recent sessions, there was still a sense this might not be the recovery everyone is waiting for.
"I don't think we should get too used to seeing all this green," said Jay Suskind, head trader at Ryan Beck & Co. "This market feels to me like it doesn’t have legs, there just doesn’t seem to be that euphoria out there. There is still trepidation."
The Dow rose 157.18, or 1.30 percent, to 12,207.59, after dropping 581 points over the past week. The Standard & Poor’s 500 index was up 21.29, or 1.55 percent, at 1,395.41 in its biggest advance since July.
Marketwatch also has an article about today's spike. Even with today's good day there are still nagging concerns about the subprime mortgage market and the future of the economy.
