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Reuters: Market rebounds on lower oil, financials

Started by chris, July 16, 2008, 04:41:18 PM

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chris

Market rebounds on lower oil, financials
      


NEW YORK (Reuters) - Wall Street rose off earlier losses in volatile trade on Tuesday as a big drop in the price of oil relieved some concerns about the impact of higher fuel costs on consumer spending and corporate profits and as investors snapped up beaten-down shares such as banks.
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