Summary Box: Relief after Obama’s speech helps market recover from early slide on Greece woes
By APThursday, April 22, 2010
Summary Box: Stocks rebound after Obama’s speech
BIG COMEBACK: The stock market bounced back Thursday after President Barack Obama’s speech on financial reform didn’t contain any unpleasant surprises. The Dow Jones industrials rose 9 points after being down 108.
GREECE CONCERNS: Stocks fell in early trading after borrowing costs in Greece shot higher and Moody’s downgraded the country’s debt. Investors don’t want financial troubles there to spread and disrupt a global recovery.
HOUSING BOOST: Homebuilder stocks climbed after the National Association of Realtors said sales of existing homes rose more than expected last month.
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