Stocks bounced back on Tuesday, with the Dow climbing back above the 8500 level. Today's session was relatively light in volume.
The Dow gained 184.46. The Nasdaq closed higher by 40.38. And the S&P 500 added 21.22.
Here are 7 Stocks You Need to Know for Wednesday.
Apple ( AAPL | Quote | Chart | News | PowerRating) shares fell dramatically intraday on rumors that the health of CEO Steve Jobs was worse than expected and deteriorating. Apple would not confirm the rumors, which were based on a report from a technology blog.
Shares of General Motors ( GM | Quote | Chart | News | PowerRating) and Ford Motor Company ( F | Quote | Chart | News | PowerRating) were higher on Tuesday on news that GMAC, the financing unit for General Motors, would receive public assistance.
Also higher on Tuesday were shares of Rohm & Haas ( ROH | Quote | Chart | News | PowerRating). Traders and investors are betting that Dow Chemical ( DOW | Quote | Chart | News | PowerRating) will be forced to follow-through with a planned acquisition of the company, despite losing funding from Kuwait.
General Electric ( GE | Quote | Chart | News | PowerRating) CEO Jeffrey Immelt pledged that the conglomerate would fight to maintain a AAA credit rating as the cost of a downgrade has soared in recent months.
Among the few bright spots in the retail sector was news from Staples ( SPLS | Quote | Chart | News | PowerRating) that the office supplies retailer had a "strong cash position" and was reducing the amount of its line of credit.
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