U.S. stocks rebound as Greek-exit talk cools
Hewlett-Packard shares rally after news of job cuts
NEW YORK (MarketWatch) — U.S. stocks made a late-session reversal Thursday, with investors whipsawed by headlines on how committed European leaders were to keeping Greece in the euro zone.
Tech stocks, with the notable exception of Hewlett-Packard Co., fell after recent earnings reports fed concern over corporate IT spending.
The Dow Jones Industrial Average (DJI JIA) ended up 33.60 points, or 0.3%, to 12,529.75. Hewlett-Packard (NYSE:HPQ) shares rose 3.3%, leading gains for 21 of 30 components.
Late in the session, media reports picked up television comments from Italian Prime Minister Mario Monti, who said he believed Greece would remain in the euro zone, though he added “anything can happen.” http://www.marketwatch.com/story/us-stocks-ta...2012-05-24