Stock market rebounds from worst day of the year

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.

 

 

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