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What euro downgrade? Stocks turn in solid gains

US stocks were closed for the holiday today, but European stocks stocks turned in strong gains, apparently shrugging off the Standard and Poor's mass downgrade of nine Euro-zone countries as well as the Greek crisis. 

The Wall Street Journal reported early this morning that European stocks were seen lower, but markets had other ideas. Markets turned in the following returns:

-- German DAX +1.25%

-- Paris CAC 40 +0.89%

-- London FTSE 100 + 0.37%

The Euro traded flat against the U.S. dollar. 

US stock futures had been down on Sunday night but turned positive today in the wake of European markets.