Stocks Rebound, Ending Five-Day Slide
(NEW YORK) — One day after one of the worst plunges in months, the slide in the markets is over — at least for now.
On Wednesday, the Dow closed up 89 points, while the Nasdaq added 25 and 10 points, respectively.
A surprise profit by Alcoa may have helped give the stocks a boost.
The Beige Book, the Federal Reserve’s survey of business conditions across the country, says each of the Bank’s 12 districts grew steadily from mid-February to early this month — more signs that last month’s pullback in hiring may be temporary.
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