MIDDAY LUNCH

Dow 10805.47  +20.33, Nasdaq 2386.44  +11.77, S&P 1161.38  +1.85 

The stock market has been able to fight its way back from the red to post positive gains.  The gains are broad based, but led by the large cap tech stocks.

The Volatility Index (VIX) or Fear index continues to fall -2.1% after rocketing higher last week.

Overseas markets are lower today as traders question the EU bailout plan; this has led the dollar to rise against other currencies along with gold and silver.

Priceline (PCLN) 220.00  -29.75, -11.91% is one of the worst performers in the S&P 500. Its shares have been under pressure after issuing downside guidance, even though they reported better-than-expected first quarter earnings.

Legg Mason (LM) 34.30 +4.35, +14.52% is a top performer this session. The company beat their estimates and received an upgrade by Bank of America's Merrill Lynch.

In bond news the Treasury will auction $38 billion of 3 year notes at 1:00pm ET.