INQUIRER.net: US stocks rally after Monday’s rout

INQUIRER.net Philippine News for Filipinos

US stocks rally after Monday's rout Apr 16th 2013, 23:03 NEW YORK—US stocks rallied strongly Tuesday as investors took Monday's market rout as a buying opportunity.   At the closing bell, the Dow Jones Industrial Average jumped 155.81 (1.07 percent) to 14,755.01.   The broad-based S&P 500 increased 22.14 (1.43 percent) to 1,574.50, while the tech-rich Nasdaq Composite Index added 48.14 (1.50 percent) to 3,264.63.   The gains ended a two-day losing streak for US markets.   US markets reacted to solid housing starts data and good earnings reports from Coca-Cola, Johnson & Johnson and others. But markets were also primed to move higher after a sharp sell-off Monday following weak China eco... Keep on reading: US stocks rally after Monday’s rout Media files: Wall-Street2.jpg (image/jpeg)

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