Late Day Rebound

Tuesday’s session ended with gains. Stocks rallied back from session lows in afternoon action. Morgan Stanley, Goldman Sachs, and Bank of America led the turnaround. Meanwhile,  the Commerce Department reported a 0.2% dip in August factory orders. The result exceeded an anticipated decline of 0.1%. In July, orders grew by 2.4%. Looking ahead to tomorrow, Costco will issue quarterly figures and the Institute for Supply Management will release monthly data on services activity.
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