European markets rebound as euro perks up

Posted May 17, 2010 at 10:30 a.m.

Trader-Dos-Web.jpgTraders on the floor of the New York Stock Exchange Monday, May 17, 2010. (AP Photo/Richard Drew)

Associated Press | European stock markets rebounded Monday, and the euro pushed back up above near four-year lows against the dollar, despite ongoing worries about the continent’s sovereign debt crisis. In the U.S., the Dow Jones industrial average was up about 3 points at
10,623.11 soon after the open, while the broader S&P
500 index rose 1.64 points, or 0.1 percent.

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