Posted: 2/9/10 1:15 PM ET 

After a disappointing late-day slide yesterday, stocks are recovering those losses and are erasing some of the red ink that has accrued to start the year as sovereign debt concerns in the Eurozone are being eased by speculation European officials may be nearing a plan to help Greece attempt to get its deficit issues under control. The optimism regarding possible relief for Greece was amplified by a report from Reuters that a senior German ruling coalition said Eurozone governments have decided to, in principle, to help Greece and that various options were being considered. But CNBC reported that a German government spokesperson categorized the reports as unfounded. The dollar is under pressure versus the euro and other major currencies, pausing from its recent rally, helping boost commodity-related issues and the overall advance in the equity markets. Some focus is on the Dow Jones Industrials as a couple of members of the blue chip index announced results, with Coca-Cola Co. matching earnings expectations and exceeding revenue projections, while McDonald’s announced that global January same-store sales bested analysts’ forecasts despite a decrease in the US. In other equity news, Electronic Arts Inc. missed the Street’s profit estimate and it issued a disappointing guidance, Toyota expectedly announced another recall, and Pulte Homes posted a wider-than-expected loss. Treasuries remain lower, holding onto losses following an unexpected drop in wholesale inventories. Overseas, Europe finished higher, finding some support from the aforementioned waning concerns about Greece’s deficit problems.