Dow posts triple-digit gain
New York ? Wall Street rebounded Wednesday as reports of manufacturing and construction spending growth brought buyers back to the market after nearly a week of declines. The Dow Jones industrials climbed 194 points to post their biggest gain since June.
The Standard & Poor’s 500 index notched its best advance in six months, while the Nasdaq composite had its biggest jump in three months.
Analysts said the reports soothed investors who were nervous after a report on Tuesday suggested manufacturing activity might be deteriorating.