Summary Box: Upbeat economic, corporate news helps stocks recover losses from late last week
By APThursday, May 13, 2010
Summary Box: Stocks bounce back from recent slide
MARKET REBOUND: Upbeat economic news lifted stocks Wednesday. The Dow Jones industrials erased the slide of late last week, which came on concerns about Europe’s debt woes.
IMPORTS GAIN: The government said exports rose in March to their highest levels since 2008. That is a sign that manufacturing could continue to grow.
TECH SUPPORT: A rise in technology stocks led the market higher. Investors bought up shares of network gear maker Cisco Systems Inc. ahead of its earnings report. A stronger forecast from IBM Corp. also drew buyers.
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