Market recap: Stocks were cut in half from their best levels but still finished with solid gains...

|By:, SA News Editor
Market recap: Stocks were cut in half from their best levels but still finished with solid gains after a report that S&P was placing all 17 eurozone nations on downgrade watch. The euro turned lower on the news; Treasurys rose, with 10-year yields dropping to 2.04%. Earlier optimism over European progress had sparked a rally led by financials. NYSE gainers led losers better than two to one.