Wall Street edges up in weak rebound; Europe eyed
NEW YORK (Reuters) – U. S. stocks edged up in volatile trade on Tuesday after the prior session’s selloff, but gains were seen as fragile before a European Union summit on the debt crisis this week. All three major U. S. stock indexes rose after seesawing between gains and losses throughout morning trade. On Monday, the S&P 500 fell 1. 6 percent, creating buying opportunities, but concerns raised by a jump in Spanish borrowing costs and weak U. S. consumer sentiment data kept investors away from stocks in morning trading. "This is a classic exhaustion rebound. . . .
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