Dubai World clearly stated that it was in constructive talks with its creditors triggering a late day bullish buying in U.S. equities. In addition, JP Morgan and Citibank made statements that their exposure to a potential Dubai default was manageable, further calming the nervous jitters. Oil spiked on word of an Iranian hostage-taking while gold continued its climb higher. The DJIA gained 34.92, the tech heavy Nasdaq advanced 6.16, and the broad based S&P 500 moved higher by 4.14.

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Office superstore, Staples (NasdaqGS:SPLS - News), reveals their fiscal third quarter 2010 earnings before the bell with an expected EPS of 38 cents. The Stock PowerRating for SPLS is 5.

Roof supply firm, Beacon Roofing Supply (NasdaqGS:BECN - News), has forecast an EPS of 38 cents for their fiscal fourth quarter 2009 before trading starts. The Stock PowerRating for BECN is 6.

A loss of 7 cents is slated for Isle of Capri Casinos' (NasdaqGS:ISLE - News) fiscal fourth quarter 2009 prior to the open. The Stock PowerRating for ISLE is 6.

MGM Mirage (NYSE:MGM - News) unveils its Las Vegas $8.5 billion dollar City Center project today. The Stock PowerRating for MGM is 6.

Goldman Sachs placed US Steel (NYSE:X - News) on its "conviction buy" list and upgraded the steel sector. The Stock PowerRating for X is 5.

JP Morgan (NYSE:JPM - News) and Citigroup (NYSE:C - News) have revealed that their exposure to Dubai World is "very manageable" at $9 billion. The Stock PowerRatings for JPM and C is 6 and 7 respectively.

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