Wall Street bounces back

US stocks ended mixed today ahead of a flurry of earnings and economic reports that could determine whether the bets investors made in the past month on a stabilising economy will pay off.

Trading volume was light, which can skew the market’s moves.

Bank stocks rallied ahead of quarterly reports this week and following a rally on better-than-expected figures last week from Wells Fargo. Industrial stocks were mixed after Boeing and Chevron said the weak economy was hurting results.

The Dow was down 26 points, or 0.3%, at 8,057. The blue chips had been down nearly 120 at the lows of the day.

The Standard & Poor’s 500 index was up 2, or 0.2 %, at 859. The Nasdaq composite index was up 0.77, or 0.1%, at 1,653.

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