1. U.S. stocks rebounded sharply on Tuesday as investors sought out bargains a day after Wall Street turned in its worst performance in four years.
Markets also got a shot of good news with China's second interest rate cut in two months, but analysts stopped short of declaring that the worst was over.
2. WASHINGTON - New U.S. single-family home sales rose a bit less than expected in July, but the trend pointed to housing market strength that should underpin economic growth for the rest of the year.
The Commerce Department said on Tuesday sales increased 5.4 percent to a seasonally adjusted annual rate of 507,000 units.
3. NEW YORK - U.S. consumer confidence rebounded in August according to a private sector report released on Tuesday.
The Conference Board, an industry group, said its index of consumer attitudes jumped to 101.5, much higher than the expectation of 93.4 according to a Reuters poll.
The July reading was revised to 91.0 from 90.9.
4. NEW YORK - Stocks, oil prices and safe-haven bond yields rose on Tuesday as a tentative market rebound picked up pace after China cut interest rates and banks' reserve requirements to kick-start its wavering economy. (Reuters).
5. Gold prices tumbled sharply on Tuesday, after data showed that U .S. consumer confidence improved to a seven-month peak in August, boosting optimism over the health of the economy and supporting the case for an interest rate hike this year.
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