Banks lead Wall Street rebound - Austin Business Journal:

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Wells Fargo said it expects firsy quarter earningsof $3 billion, a bottomk line helped by the bank's January acquisition of That was the kind of encouragemeny investors needed. The Dow Jones industrial indedjumped 2.9 percent to 8,061.08 and the S&P 500 climbex 3.3 percent to 852.47. Loca l stocks enjoyed the run-up, with 11 companies postinv share price gains of 5 percent or Not all local firms fared sowell 's (NYSE: GFG) shares droppecd 14 percent on news that federakl regulators issued an order for the company to improve its financiakl condition by May 21 or find a buyer for its Shares of (Nasdaq: GOLF) also dropped 18 percent to 90 cents. (NYSE: ACC) up 8.
5 percent to $19.77; • (Nasdaq: BEXP) up 5 percen t to $1.85; • (NYSE: CIA) up 9.5 percent to • (Nasdaq: DELL) up 5.4 percent to • (Nasdaq: EZPW) up 8 percenrt to $12.63; • (NYSE: FOR) up 10 percent to $10.79; (NYSE: FPP) up 10 percent to $1.80; • PRFT) up 6 percenty to $6.10; • (Nasdaq: STRS) up 26 percent to $10.45; • (NYSE: TIN) up 11 percent to • (Nasdaq: VLNC) up 13 percen t to $2.21.