U.S. stocks bounce from 3% slide

11:40 am ET Feb 28, 2007

DJIA

12,298

+82.43

S&P

1,409

+10.79

NASDAQ

2,419

+11.95

10Yr

4.56%

+0.045

U.S. stocks bounce from 3% slide

NEW YORK
U.S. stocks rallied after a choppy start on Wednesday, rebounding from
their biggest one-day point drop in over 5 years in the previous
session, as investors found comfort in a partial recovery of the
Shanghai stock market, whose 9% slide spooked global markets on
Tuesday.

Economic Report: New-home sales plunge 16.6% to 937,000 units

WASHINGTON
Sales of new homes plunged 16.6% in January to a seasonally adjusted
annual rate of 937,000, the Commerce Department reported Wednesday.