BREAKING NEWS: Wall Street Zooms Higher on Data, Euro Hopes; Dow Jumps 160

After selling off in the prior session, Wall Street rallied in early trading amid upbeat economic and corporate data, and optimism European policymakers are getting closer to reaching an agreement on tackling the sovereign debt crisis. Minutes after the opening bell, the Dow was 160 points to the upside and the S&P 500 was up 1.2%.

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