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Market Recap

[Peter518]

FYI: ======================== Market Recap: Stocks Bounce Back as the Street Shrugs Off Somber DataBy Andrea Kramer After initially ticking lower, crude futures finish in the black$0$0In an impressive display of resilience, most stocks turned higher today, rebounding from yesterday's triple-digit decline. Investors shrugged off so-so first-quarter results from retail titan Wal-Mart Stores (WMT), and virtually laughed in the face of discouraging economic data. It seemed the Labor Department tried its best to shoo speculators from the table, first announcing that first-time filings for unemployment benefits rose by more than expected in the latest week, then revealing that producer prices increased by 0.3% in April - three times more than economists projected. In fact, not even more gloomy news from the auto sector could keep the Street down, as buying pressure remained steady in the face of Chrysler LLC's plans to eliminate 789 of its 3,189 U.S. dealerships. With a firm bullish backbone, all three of the major market indices finished in the black.