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7/20, 4:05 PM (Source: TeleTrader)
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Wall Street recovering from selloff, Dow up 450 points

The Dow Jones Industrial Average index jumped over 450 points on Tuesday as the rebound from yesterday's sharp losses continued. According to the United States Census Bureau, housing starts in the US rose by 6.3% month on month in June.

The Dow Jones surged 1.34%, or 455 points, at 10:09 am ET, led by IBM, Honeywell and Johnson & Johnson. The Nasdaq 100 advanced 0.18% and the S&P 500 was up 0.82% at 10:11 am ET.

The euro was down 0.25% compared to the dollar to go for 1.17694 at 10:11 am ET.

Breaking the News / MS