Small-caps Rally, Lead Rebound On Wall Street

MarketWatch Pulse

The U.S. stock market rebounded on Wednesday, erasing steep opening losses sparked by China's tightening of lending rules and Greece's surprise elections announcement. The S&P 500 ended the day virtually flat at 2,059.81 after staging an impressive rebound from session lows. Analysts pointed out that bargain hunters found stocks attractive at session lows, after the key benchmark pulled back nearly 2% from its record level reached on Friday. The Russell 2000 rallied 1.6% to 1,185.85. The Dow Jones Industrial Average fell as much as 217 points, but ended the day down 51 points, or 0.3%, at 17,801. The Nasdaq Composite ended the day with a gain of 25.77 points, or 0.5%, at 4,766.

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