Stocks Rally Amid Overseas Gains

Major indexes built on the global equity rebound for their biggest one-day gain of 2007, despite weak productivity data and a plunge in factory orders

A return to volatility was good news for Wall Street on Tuesday. Stocks finished broadly higher, bouncing back from a weeklong correction amid a rebound in global markets and a recovery in the dollar against the yen. Treasury Secretary Henry Paulson and Japanese officials declared the global economy solid, though investors were also digesting some disappointing economic reports. Investors were apparently hunting for bargains, says Standard & Poor's Equity Research.

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