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Stocks Stage Mighty Rebound
Stocks of all sizes posted large gains last week, encouraged by strong third-quarter corporate profit reports. Also, reports from overseas suggested that the economic outlook may not be as dire as had been feared. The S&P 500 Stock Index rose 4% for the week, proving yet again that stocks tend to rebound from prior declines very quickly, leaving those who threw in the towel in the dust.
More corporations publish their quarterly results and outlooks this week. On top of that, statistics on housing, personal income, and consumer confidence will be closely monitored by the investment community.