Monday, May 18, 2009

Stocks Higher During Early Trading Hours Monday

European Central Bank President Jean-Claude Trichet opined that a global economic recovery is possible in 2010, according to IrishTimes.com.

Stocks were in broad-based rally mode early Monday -- shortly after noon the DJ Industrials were up 164 points, the Nasdaq Comp up 29 and the S&P 500 higher by 17 points.

India's benchmark Bombay Stock Exchange Sensex soared by 17 percent -- until trading was halted for the day, investors euphoric after Prime Minister Manmohan Singh's Congress Party's election wins.

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