Options Wonderland

[3xBuBu]

Stock futures skyrocketed Monday after European leaders agreed to a nearly $1 trillion rescue plan to avoid a major debt crisis and the U.S. Federal Reserve said it would also provide loans overseas.

Dow Jones industrial average futures rose 387 points. Nasty 73, S&P 47

The 16 countries that use the euro and the International Monetary Fund have agreed to create a nearly $1 trillion rescue fund to support European nations burdened by heavy debt. Markets around the world plummeted last week as fears escalated that Greece's debt problems would spread throughout Europe and upend a global economic recovery.

Investors also feared that if Greece didn't get a bailout, the fate of the euro, which is used by 16 countries, could be in trouble. The euro rose Monday against the dollar.

http://news.yahoo.com/s/ap/20100510/ap_on_bi_st_ma_re/us_wall_street