Dow is finally able to sustain well above10 k after a intra day boost of 2.76%

U.S. stocks raced higher Thursday in Wall Street's strongest performance since late May after a German court declined to immediately block the country's contribution to the effort to prevent defaults in the euro zone.

"What really lifted the stock market was the German supreme court, which has at least delayed the lawsuit by a German lawmaker, helping risky assets in the short term," said John Brady, senior vice president at MF Global.

 Energy stocks rose with the broad market on Thursday, as BP PLC rebounded from its lowest levels in 14 years.

BP on Thursday stemmed the flow of its tumbling share price if not the flow of oil in the Gulf of Mexico, after saying it couldn't explain why its share price plunged by 16% in the last session of New York trade.

BP on Thursday stemmed the flow of its tumbling share price if not the flow of oil in the Gulf of Mexico, after saying it couldn't explain why its share price plunged by 16% in the last session of New York trade.

Source

http://www.marketwatch.com/story/bp-says-it-cant-explain-wednesdays-plunge-2010-06-10

ndex Value: 10,172.53 Trade Time: 4:05PM EDT Change:  273.28 (2.76%) Prev Close: 9,899.25 Open: 9,901.67 Day's Range: 9,901.67 - 10,185.83 52wk Range: 8,057.57 - 11,309.00 N/A