Tweet

New York, NY, United States (AHN) – U.S. stocks rebounded on Wednesday as fears of a European debt crisis were eased by a strong demand for Polish and Portuguese bonds.

The Federal Reserve’s statement that the economy is slowing also failed to dampen investors’ mood as the Dow Jones Industrial Average regained yesterday’s losses with a 46-point or 0.5 percent increase to close at 10,387.

The Standard & Poor’s 500 Index added 7 points or 0.6 percent to close at 1,099. Financial and industrial companies led gainers.

The Nasdaq Composite Index rose 20 points or 0.9 percent to end at 2,229.

Gold for December delivery fell $1.80 or 0.1 percent to end at $1,257 an ounce on the New York Mercantile Exchange. Crude oil for October delivery rose 41 cents or 0.8 percent gained to finish at $75 a barrel.

Tweet

Comments

Our Recent HR Blog Posts

• Dealing with a Toxic Boss
• Company Policy for Instant Messaging and Text Messaging
• The Grapevine: Informal Lines of Communication
• A Free Communication Method that is Thousands of Years Old!
• When Do Teams Make Sense?

Quote of the Day

Leaders need to be optimists. Their vision is beyond the present. ~ Rudy Giuliani