US stocks bounce back after two-day decline

AP News
Posted: Feb 22, 2013 9:41 AM
US stocks bounce back after two-day decline

NEW YORK (AP) — U.S. stocks are opening higher after two days of declines.

Dow Jones industrial average is up 61.6 points to 13,942.20. The Standard & Poor's 500 gained 7.6 points to 1,510. The Nasdaq is up 19.2 points to 3,150.7.

There are no economic indicators and few corporate earnings reports due Friday.

Markets are bouncing back after being spooked by an apparent split among officials with the U.S. Federal Reserve over whether to push forward with economic stimulus programs, or to begin weaning the nation off of them.

Many investors also sensed that the Dow, which is getting close to an all-time high, had gotten ahead of itself.

The Dow is up 6 percent this year, the S&P 500 is up more than 5 percent, and the Nasdaq is up 3.7 percent.