NEW YORK (TheStreet) -- The markets rallied Monday amid reports that S&P would review 15 eurozone nations for a downgrade.
The Dow Jones Industrial Average was up 78.41, or 0.65%, to 12,097.83. The S&P 500 rose 12.80, or 1.03%, to 1257.08. The Nasdaq added 28.83, or 1.10%, to 2656.76.
Joe Terranova said on CNBC's "Fast Money" TV show that the S&P rating news is going to make it more difficult for the S&P 500 index to break above its 200-day moving average.
Tim Seymour called S&P's rating move "garbage." He said this was the same rating agency that didn't see any stress in the Germany's economy three weeks ago. He said it also hasn't seen the tightening in yields and austerity plans in Italy and Greece. He wondered why S&P is spreading so much chaos to the markets.For a breakout of some stocks from a recent "Fast Money" TV show, check out Dan Fitzpatrick's "3 Stocks I Saw on TV."
3 Stocks I Saw on TV
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV