Shortly past midday, the Dow Jones
Reason 1: Positive economic signs
The most notable economic sign today came courtesy of the IMF, which raised global economic GDP growth to 3.5%, up from a previous estimate of 3.3%, while also raising its 2013 estimate to 4.1% growth. Key growth projections include a 2.1% gain this year in the United States, a 0.3% decline in the euro area, and 8.2% growth in China.
Still, despite the better outlook, the IMF warns that conditions are still very volatile and that risks that can't easily be calculated remain. One such area of concern -- Spain -- conducted a successful 12-month and 18-month bond sale today that pushed yields back below 6%. That news was enough to temporarily ease investor concerns around the country that is trying to rein in its deficit and contain spiraling interest rate spreads. However, more long-term bond auctions set for Thursday will probably be more telling tests of Spain's future.
Reason 2: Good earnings, not great earnings
Reason 3: Volatile markets are back
After a mundane start to the year, where big moves in either direction were uncommon, we've seen a series of big moves in markets recently. One needs to look no further than Apple
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Eric Bleeker owns shares of no company listed above. The Motley Fool owns shares of Coca-Cola, International Business Machines, Intel, and Yahoo!. The Fool owns shares of Apple. Motley Fool newsletter services have recommended buying shares of Apple, Intel, Coca-Cola, The Goldman Sachs Group, and Yahoo!. Motley Fool newsletter services have recommended creating a bull call spread position in Apple. The Motley Fool has a disclosure policy.