Last updated February 9, 2010: 12:45 PM ET --- The major U.S. indices jumped higher Tuesday on a breaking report from an EU official that the union would come to the aid of Greece, however, shortly after an official said the reports were unfounded and the indices pared a large portion of their gains. The market is continuing to move in volatile action Tuesday as rumors circulate. In corporate news, Caterpillar (NYSE:CAT) shares rose 6.1% after Morgan Stanley offered a brighter view of the company and sector. The Dow Jones Industrial Average (DJI) is trading 2.17% higher at 10,123.40, the S&P500 (INX) is up 1.57% at 1,073.37, and the Nasdaq Composite (IXIC) is up 1.33% at 2,154.36.

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