Dow Up 106; Hope for a Bottom

MasterCard's success boosts financials
By Nick McMaster,  Newser Staff
Posted Feb 5, 2009 3:18 PM CST
Trader John Bowers watches the numbers as he works on the floor of the New York Stock Exchange.   (AP Photo)
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(Newser) – Stocks rebounded after initially falling lower today, as investors snapped up bargains from depressed equities, MarketWatch reports. MasterCard led advances with a 14% gain after beating profit estimates. Wal-Mart was another strong performer, rising 4.33% on strong January sales. The Dow closed up 106.41 at 8,063.07. The Nasdaq gained 31.19 to 1,546.24, and the S&P 500 rose 13.62, closing at 845.85.