Banks lead Wall Street’s tepid rebound
NEW YORK (Reuters) – Stocks rose on Friday as gains in banking shares helped the S&P 500 index rebound from its second-worst decline of the year. The index dropped 2. 2 percent on Thursday, its biggest drop since a 2. 5 percent fall on June 1, as evidence mounted of slowing manufacturing growth worldwide. "The market oversold yesterday so you’re definitely getting a bounce off an overreaction," said Janna Sampson, co-chief investment officer at OakBrook Investments LLC in Lisle, Illinois. . . .
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