Author: 123jump.com Staff
123jump.com
Last Update: 4:25 PM EST February 28 2007

U.S. stocks rebounded from their biggest plunge in four years as the Fed Chairman Bernanke reassured investors the economy is poised to grow and strategists advised investors against selling equities. European and Asian stocks slumped, while emerging markets had their steepest two-day drop in eight months in the wake of earlier U.S. sell-off. The Dow industrials added 0.4%. P&G jumped 3.1%, Sprint climbed $1.10 to $19.55. Hospira Inc. reported a 78% jump in earnings.