Stocks Rebound After Positive Reports

Stocks are climbing today as a two-day pullback draws buyers back to the market.

S&P 500 futures are higher by almost half a percent and have been climbing in the last hour. Europe is up by more than a full percentage point in Europe, while Asian bourses were mixed overnight.

Earnings from companies including Hewlett-Packard and American International Group came in better than expected after the closing bell yesterday, followed by strong German business confidence this morning. In addition, St. Louis Federal Reserve President James Bullard told CNBC this morning that central-bank policy would remain “easy” for a “long time.”

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