12:50pm (EST) The market continues its push higher as the major indexes are enjoying a 1% pop across the board. “Good news” out of China has offset some of Europe’s drama which was hit with more downgrades this morning. The Financial stocks are mixed after Citigroup (C, $28.72, down $2.02)
S&P Trips 1,300
BP Hits 13-year Lows
1:00pm (EST) The market is mildly positive after spending much of the morning near the flat line. There have been spurts to the upside, but traders were cautious ahead the disappointing existing home sales report. Although selling pressure picked up after Wall Street got the numbers at 10am the market is still mixed.