Stocks rebound on positive economic news, including… guess whose?

From The Political Carnival:

Indexes on Wall Street rebounded on Thursday, closing up almost 3 percent, on a day fueled by bargain hunting and a stream of reports reflecting an improving economy.

Asia and European shares were also higher, and the euro regained some ground.

At the close, the Dow Jones industrials average was up 273.28 points, or 2.76 percent, to 10,172.53. The broader Standard & Poor’s 500-stock index rose 2.95 percent, or 31.15 points, to 1,086.84, while the technology-heavy Nasdaq was up 2.77 percent or 59.86 points, to 2,218.71.
Yay!

Not so fast…

Thursday’s rally was broad-based, led by energy shares, BP in particular, which was up 10 percent.
What a relief! If there’s one thing BP needs, it’s an increased income.

http://www.thepoliticalcarnival.net/2010/06/stocks-rebound-on-positive-economic-news-including-guess-whose/

Oil and Wall Street. Now those are some toxic dispersants.

They're still a lot lower than they were two months ago, I'm quite sure.

BP is benefiting from the market rebound.

I don't know how anyone can justify the wild fluctuations in stocks the last 2 years. Its just insane.

to come. Dare little people hope?

Obama wants to talk to BP directors personally, I just read.