Dow Rebounds, Rises 142

Banks still feel pain ahead of next bailout
By Nick McMaster,  Newser Staff
Posted Feb 3, 2009 3:13 PM CST
Dow Rebounds, Rises 142
Two financial professionals compare information on the floor of the New York Stock Exchange in this undated file photo.   (Getty Images)

Stocks bounced back in the wake of yesterday’s sell-off, with news of a rise in December existing-home sales feeding optimism, the Wall Street Journal reports. Merck continued to rise after reporting a quarterly profit, closing up 7.7% and boosting other pharmaceuticals. The Dow closed up 141.53 points at 8,078.36 The Nasdaq rose 21.87 points to close at 1,516.30, and the S&P 500 gained 13.06 points, settling at 838.50.
(More Dow Jones stories.)

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