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Stocks Rally on Greek Bailout Hopes - CNNMoney.com -- Stocks rallied Tuesday as growing bets that European officials will rescue Greece from its debt problems reassured investors after a four-week selloff.
After the close, Dow component Walt Disney reported higher-than-expected quarterly earnings and revenue. Shares rose 2% in extended-hours trading.
The Dow Jones industrial average added 150 points, or 1.5%, after having risen as much as 230 points earlier in the session. It was the Dow's biggest one-day point advance since Jan. 4, when it gained 155.91.
The S&P 500 index rose 14 points, or 1.3% and the Nasdaq composite gained 25 points, or 1.2%.
Getting a Job Just Got a Little Easier - CNNMoney.com -- With 14.8 million people out of work, competition for new jobs is easing ever so slightly, according to a government report released Tuesday.
There are now about 5.9 job seekers, on average, competing for each job opening, according to the latest Job Openings and Labor Turnover survey from the Bureau of Labor Statistics. That's down from 6.4 the previous month -- the greatest differential since the Labor Department began tracking job openings in December 2000.
It's the first time the ratio of job seekers to jobs dipped below six to one since June of last year. While that's a step in the right direction, it's still a far cry from pre-recession levels. When the recession began in December 2007 there were only 1.7 workers per opening.
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