WINDERMERE, Fla. (Stockpickr) -- U.S. stocks soared on Thursday after positive data came out of China and the debt-burdened countries in Europe.
China's central bank surprised the market after it reported a jump in loans for March. Market players viewed that news as a positive since many were worried that China's economy was starting to lose some of its feverish growth.
Debt worries in Europe took a day off after Italy had no issues in selling $6.4 billion in government debt. That successful sale helped rates in Italy fall, and European stocks to reverse course and trend higher after opening up in the red.
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