среда, 14 марта 2012 г.

Stocks Try to Recoup on ISM Report

NEW YORK - Wall Street tried to stage a comeback Thursday, with the Dow Jones industrials erasing much of an earlier 209-point drop after a stronger-than-expected reading of the Institute for Supply Management's assessment of manufacturing activity in February.

Investors showed their relief about manufacturing by buying some of the stocks that were pummeled in Tuesday's drop that sliced 416 points off the Dow. Fears about the U.S. economy contributed to that plunge, and a halfhearted rebound on Wednesday followed soothing words from Federal Reserve Chairman Ben Bernanke.

The ISM figure of 52.3 was stronger than the 50.0 reading analysts had been expecting. The index is an …

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