(Bloomberg) -- U.S. stocks rebounded from the worst
two-day skid since 2003 after Wall Street's biggest securities
firms, led by Citigroup Inc., Goldman Sachs Group Inc. and Bank
of America Corp., said the sell-off made banks, homebuilders and
retailers relative bargains.
Nordstrom Inc., the Seattle-based luxury retailer, climbed
the most in almost two years. Wells Fargo & Co., JPMorgan Chase
& Co. and American Express Co. carried financial shares to their
biggest advance since July 12. KB Home gained for the first time
in seven days after Citigroup said ``hysteria'' has driven the
36 percent drop in shares of construction firms this year.
Read more at Bloomberg Stocks News
two-day skid since 2003 after Wall Street's biggest securities
firms, led by Citigroup Inc., Goldman Sachs Group Inc. and Bank
of America Corp., said the sell-off made banks, homebuilders and
retailers relative bargains.
Nordstrom Inc., the Seattle-based luxury retailer, climbed
the most in almost two years. Wells Fargo & Co., JPMorgan Chase
& Co. and American Express Co. carried financial shares to their
biggest advance since July 12. KB Home gained for the first time
in seven days after Citigroup said ``hysteria'' has driven the
36 percent drop in shares of construction firms this year.
Read more at Bloomberg Stocks News
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