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Market Update : 
Averages Advance, Hospira Up 8%
Author: 123jump.com Staff
123jump.com
Last Update: 3:30 PM EST February 28 2007


The selling pressure that swamped Wall Street yesterday evaporated as Federal Reserve Chairman Ben Bernanke soothed markets. Chinese stocks, which helped trigger Tuesday''s global rout, rebounded. The Dow Jones Industrial Average rose 57.20 points, S&P 500 rose 8.44 points and Nasdaq added 11.95 points. Telecommunications company Sprint Nextel posted 32% rise in profit. Walt Disney added 3% and American Express jumped 2.5%.

 

 

 

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