Wall Street worked off its earlier lows in afternoon trading Monday, recovering from a triple-digit slump.
CNBC said traders were buoyed by some upbeat news from Europe. Specifically, reports that Greece is near a deal with its international lenders to continue receiving bailout funds after a conference call between Greek leaders and inspectors from the EU, the IMF and ECB (also known as the "troika").
The Dow Jones industrial average closed the day with a loss of 108 points, having fallen over 200 points in the first few minutes of trading and sinking to a loss of?254 points at its lowest point for the day in the morning session.
U.S. investors have worried about a Greek sovereign debt default if the country didn't receive any more bailout funds.
Source: http://bottomline.msnbc.msn.com/_news/2011/09/19/7843036-wall-street-rebounds-from-earlier-slump
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