Dow Up 106; Hope for a Bottom

MasterCard's success boosts financials
By Nick McMaster,  Newser Staff
Posted Feb 5, 2009 3:18 PM CST
Dow Up 106; Hope for a Bottom
Trader John Bowers watches the numbers as he works on the floor of the New York Stock Exchange.   (AP Photo)

Stocks rebounded after initially falling lower today, as investors snapped up bargains from depressed equities, MarketWatch reports. MasterCard led advances with a 14% gain after beating profit estimates. Wal-Mart was another strong performer, rising 4.33% on strong January sales. The Dow closed up 106.41 at 8,063.07. The Nasdaq gained 31.19 to 1,546.24, and the S&P 500 rose 13.62, closing at 845.85. (More Dow Jones stories.)

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