The S&P 500 rebounds following Monday's late-session sell off as global markets rally.
In Asia, Hong Kong's Hang Seng rallied 14.4% and Japan's Nikkei rose
6.4%. In Europe, France's CAC is up 2.5%, Germany's DAX is up 8.9% and
London's FTSE is up 3.4%. The DAX is benefiting from a 54% rally in
shares of Volkswagen and the FTSE is benefiting from
better-than-expected earnings from BP (BP 44.56, +4.44).
In the U.S., Occidental Petroleum (OXY 45.17, +3.09), Valero Energy
(VLO 16.88, +1.77) and U.S. Steel (X 31.60, +0.78) posted
better-than-expected quarterly earnings. Whirlpool (WHR 47.65, -2.38)
beat for its latest quarter, but issued downside guidance.