Market recap: "Good news is good news today," so stocks reclaimed much of yesterday’s losses...

|By:, SA News Editor
Market recap: "Good news is good news today," so stocks reclaimed much of yesterday’s losses after data signaled stabilization in U.S. manufacturing and rising home prices. If the markets can react positively to good news instead of worrying about implications for monetary policy, it would be a welcome transition. Telecoms and utilities were among the leaders even as Treasurys fell again, sending 10-year yields to 2.58%.