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Stock Market News Update for Monday, November 22, 2010

Monday saw Wall Street mounted an impressive comeback on Monday, erasing the majority of a triple-digit selloff that had been fueled by another slide for the euro and reports of a massive insider-trading.

The Emerald Isle continued to dominate headlines throughout the day, as Irish government officials on Sunday finally agreed to accept an aid package from the European Union (NYSEARCA:EU) and the International Monetary Fund (NYSE:IMF). Despite the prospect of a potential safety net for Ireland, traders continued to price in their concerns about fellow debt-saddled euro zone members, including Spain and Portugal.

The blue chips had been down nearly 150 points when the reports of hedge funds being raided piled onto earlier worries about more trouble for the euro despite Ireland accepting a bailout.

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