Wall Street rebounds; biotech shares snap losing streak

[riky]

Wall Street rebounds; biotech shares snap losing streak

<p><a href="http://news.yahoo.com/futures-imply-rebound-selloff-concerns-remain-131910958--sector.html"><img src="http://l1.yimg.com/bt/api/res/1.2/vGfR2qT9Y9j_UQSUAWhRlg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-03-25T191045Z_1_CBREA2O1H9Z00_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 Angela Moon NEW YORK (Reuters) - U.S. stocks ended higher on Tuesday, rebounding from a two-day decline as the hard-hit biotechnology sector regained its momentum and a strong read on consumer confidence increased optimism about the economy. Trading was choppy throughout the day with the Nasdaq at one point turning lower, led by a sharp reversal in biotech shares. .So-called momentum stocks were still down for the day but off their lows, including Netflix , down 2.1 percent at $370.84. Netflix has declined for 14 of the past 15 sessions, falling almost 19 percent over that stretch Biotech shares also reversed earlier losses, including Regeneron Pharma , ending 0.8 percent higher at $308.87, and Gilead Sciences Inc , up 1.3 percent at $73.03.</p><br clear="all"/>

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