Stocks Bounce Back

07/23/2008 12:00 am EST

Focus: MARKETS

Despite the worse than expected earning?s reports from several companies and weak opening, stocks rebounded impressively on Tuesday. Apple, for example, traded as low as $147 closed at $162. The SPY has broken its 1st hourly downtrend with converging resistance in the 131.50-132.50 area.

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