Wall Street rebounds; futures fly on Turkey's rate hike

[riky]

Wall Street rebounds; futures fly on Turkey's rate hike

<p><a href="http://news.yahoo.com/futures-rebound-selloff-apple-weighs-tech-shares-130558234--sector.html"><img src="http://l.yimg.com/bt/api/res/1.2/HBuEf3mtMlcyjr4BKzXJag--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-01-28T225336Z_4_CBREA0Q15KE00_RTROPTP_2_MARKETS-STOCKS.JPG" width="130" height="86" alt="Traders work on the floor of the New York Stock Exchange" align="left" title="Traders work on the floor of the New York Stock Exchange" border="0" /></a>By Caroline Valetkevitch NEW YORK (Reuters) - U.S. stocks bounced back on Tuesday after Pfizer's upbeat results gave investors some relief from the pain of the Dow's five-day losing streak, and the market's focus turned to the Federal Reserve's next move on stimulus. The market's advance, which also broke the S&amp;P 500's three-day slide, came after heavy losses tied to concerns about the withdrawal of U.S. monetary stimulus as well as worries about emerging markets, including a slowdown in China's growth and political turmoil from Turkey to Thailand. After the close, U.S. stock index futures rallied on the news that Turkey's central bank had sharply raised its interest rates. &quot;We had India's central bank increase rates, and now we see Turkey, both bigger moves from what anyone was anticipating.</p><br clear="all"/>

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