The Dow closed up 155 points Thursday in part because of central banks are planning to infuse additional money into its systems.
CNN's Erin Burnett calls the latest news another step in a line of temporary fixes and predicts France will be the next nation at the center of Europe's economic crisis.
Tune to Erin Burnett OutFront at 7/11 p ET.
Stocks rally on hopes for central bank boost
U.S. stocks closed sharply higher Thursday as panicky investors reacted to reports that central banks are ready to provide liquidity to financial markets following Greece's crucial election on Sunday in case it becomes necessary.
"The market is jittery leading up the Greek election, and a rumor like that will definitely spark a move higher," said Joe Saluzzi, co-head of equity trading at Themis Trading.
Saluzzi warned that stocks will likely continue to swing sharply through Friday, as investors brace of Sunday's vote.