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Dow rebounds

7:03 AM, Feb 27, 2013   |    comments
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NEW YORK (AP) - A jump in home sales and strong earnings from Home Depot helped the Dow claw back more than half of its losses from Monday. Improving consumer confidence also brought back buyers to the market.

The Dow Jones industrial average closed up 116 points to 13,900. The Dow fell 216 points the day before, its biggest drop in three months, on concern that the European debt crisis may flare up again. The index has moved 100 points or more on four out of the past five trading days.

The Standard & Poor's 500 index rose 9 to 1,497. The Nasdaq composite was up 13 to close at 3,130.

 

 

 

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