Wall Street rebounds as Italy worries ease
New Delhi, May 31 : Wall Street rebounded on Wednesday. Yesterday's downward trend, energy and bank stocks fueled the recovery. Investors are hopeful that renewed attempts to form a coalition government means Italy could avoid a new election. Bank stocks like Wells Fargo and Bank of America rallied as the Federal Reserve considered a proposal to modify the ?Volcker rule?. That law aims to prevent banks from making market bets while taking in taxpayer-insured deposits.
Previous article
There should be no controversy over RSS's invitation to Pranab Mukherjee: Sanjay Raut
Next article
Fans go berserk over 'Sonic the Hedgehog'