Meanwhile, across the pond, things are still looking a bit gloomy. The unemployment rate for the 16 nations known as the eurozone, marked a 10-year high, climbing to 9.5% in July. Of the eurozone nations, Spain has been hit the hardest. An unemployment rate of 18.5%, a decline in tourism and a slump in real estate has taken its toll on the nation.
Overall, all three major U.S. indexes were up in morning trading as the Dow Jones Industrial Average rose 0.3%, the S&P 500 gained 0.4% and the Nasdaq added 0.9%.
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Kevin Grewal contributed to this article.