Stocks Rebound Despite Fed Data

Summary


Wall Street looked past an underwhelming statement by the Federal Reserve on Tuesday and rebounded smartly as bargain hunters picked up stocks battered by a week of heavy losses.

The market focused on economics and earnings, particularly a bright outlook from manufacturing giant 3M Co., which upped its quarterly and full-year estimates. The Commerce Department also reported that the construction sector remained healthy.

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Stocks Rebound Despite Fed Data

Stocks bounced around for much of the day as investors ...

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