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News Summary: US stocks rebound from sell-off

Published on NewsOK Modified: February 5, 2013 at 3:31 pm •  Published: February 5, 2013

UP, THEN DOWN, THEN UP: Stocks rebounded on Tuesday on a report that showed house prices surged in December and after companies posted strong earnings. The Dow had its worst sell-off of the year Monday after surging above 14,000 for the first time since December 2007 on Friday.

BEAUTY AND THE BEAST: Estee Lauder rose 6 percent to $64.71. The company's income surged after sales rose in the U.S. and emerging markets. Archer Daniel Midland, a company that counts animal feed among its products, gained 3.3 percent to $29.38 after its earnings improved following a restructuring.

WAVE GOODBYE: Struggling computer maker Dell will no longer be listed on the stock exchange after a $24.4 billion buyout. Founder Michael Dell will attempt a turnaround away from the glare and financial pressures of Wall Street.


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