US-

Dow rebounds from 2 day lows. Up 123pts or 1.3% to 9940. The S&P was up 12 points, or 1.1%, to 1,062. The Nasdaq lagged with a loss of 3 points, or 0.2%, to 2,171. Fed indicates that the possibility of the US economy returning to 2008 lows is very slim. Major oil companies were up with the exception of BP down 5.7% on fear that the cost of the spill will continue to mount

Africa-

Stocks on the NSE were for the most part flat. Volume was very tepid and major movers were in the oil and financial services sectors. Another clue to how skewed an exchange the www.nigerianstockexchange.com has become.