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Wall Street rebounds amid strong economic data | The Honolulu Advertiser | Hawaii's Newspaper

Updated at 12:59 p.m., Wednesday, June 13, 2007

Wall Street rebounds amid strong economic data

Associated Press

Wall Street rebounded Wednesday after economic data came in stronger than expected, sending the Dow up more than 180 points in its biggest point gain since July 19, 2006. Rising bond yields amid inflation had been pummeling stocks since last week. Investors reacted enthusiastically after the Commerce Department said retail sales jumped a higher-than-expected 1.4 percent in May. In addition, the Federal Reserve's Beige Book report said the U.S. economy kept expanding at a moderate pace in the first part of the second quarter.

  • The Dow rose 187.34, or 1.41 percent, to 13,482.35.

  • The S&P 500 index rose 22.67, or 1.52 percent, to 1,515.67.

  • The Nasdaq composite index fell 32.54, or 1.28 percent, to 2,582.31.

    For the week:

  • The Dow is up 57.96, or 0.43 percent.

  • The S&P is up 8.00, or 0.53 percent.

  • The Nasdaq is up 8.77, or 0.34 percent.

    For the year:

  • The Dow is up 1,019.20, or 8.18 percent.

  • The S&P is up 97.37, or 6.87 percent.

  • The Nasdaq is up 167.02, or 6.92 percent.
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