NEW YORK (AP) – The stock market is rebounding from its worst day of the year thanks to strong reports on housing and company earnings.
Home construction topped 1 million last month, the highest level since June 2008.
Strong earnings from companies including Coca-Cola also propelled the market higher. Coke jumped 6 percent to $42.27.
Small company stocks rose even more than the broader market as investors moved money into riskier investments.