Stocks Start Week on Rebound
By Kevin Spak,  Newser Staff
Posted May 18, 2009 8:49 AM CDT
Traders work on the floor of the New York Stock Exchange.   (AP Photo)
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(Newser) – Stocks headed higher at today’s open, following a week of profit-taking that left the Dow and S&P down 3.6% and 5% respectively. The Dow was up 107 points, while the Nasdaq added 1.2% and the S&P 1.4%, including a 3% surge in financials. Lowe's soared 11% after reporting a smaller-than-expected dip in earnings, the Wall Street Journal reports.

The gains follow a whopping 17% surge on India’s Sensex, fueled by an election victory for the incumbent government. Demand was so strong that the Bombay Stock Exchange was forced to halt trading.