Stocks rebound in morning trading

Townhall Staff | Aug 09, 2011

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Wall Street gained ground and held on Tuesday morning, restoring a bit of hope for investors after another turbulent night for overseas markets and the steepest losses for U.S. indexes since 2008.

The Dow Jones industrial average,which closed below 11,000 Monday, climbed more than 200 points in the first 30 minutes of trading. The tech-heavy Nasdaq and Standard & Poor’s each surged more than 2 percent.