Stocks Rebound at Close

Wall Street appeared to have settled down at the closing bell today, a sign that this morning’s panic over an impending bailout for Spain had eased slightly. “The sell-off this morning was overdone, and obviously, the market felt that way too," said Eric Green, senior portfolio manager at Penn Capital Management in Philadelphia, adding, "Nothing incrementally negative came out, but obviously, we're still worried about the situation there."The Dow, S&P 500 and Nasdaq all finished the day down, but had bounced back slightly since the morning. The Euro also dropped to its lowest level in two years. Material stocks were among the hardest-hit, and earnings disappointments for larger corporations like McDonalds and Wendys hurt third-quarter estimates.