Stocks trading much higher, sustaining an early rally on a decision out of Europe. Leaders there have reportedly decided to lend bailout funds directly to struggling banks instead of Europe's central banks. At around lunchtime today, the Dow was up 1.7%, the S&P up almost 1.9% and the Nasdaq up 2.4%.
Research In Motion (RIMM) is down 18% after a disappointing earnings report. But competitor Apple (NASDAQ:AAPL) is up over 2%. That stock and DELL (NASDAQ:DELL), which is up 4%, are helping push the Nasdaq higher this afternoon.
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