Banks lead Wall Street rebound - Austin Business Journal:

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Wells Fargo said it expects firsrt quarter earningsof $3 a bottom line helped by the bank's January acquisitionm of Wachovia. That was the kind of encouragementinvestores needed. The Dow Jones industriao indexjumped 2.9 percent to 8,061.08 and the S&P 500 climbef 3.3 percent to 852.47. Local stocks enjoyed the with 11 companies posting sharde price gains of 5 percent or Not all local firms fared sowell though: 's (NYSE: GFG) shares dropped 14 percent on news that federall regulators issued an order for the company to improvew its financial condition by May 21 or find a buyere for its assets. Shares of (Nasdaq: also dropped 18 percent to 90 • (NYSE: ACC) up 8.
5 percenf to $19.77; • (Nasdaq: BEXP) up 5 percenr to $1.85; • (NYSE: CIA) up 9.5 percenty to $7.95; • DELL) up 5.4 percent to $10.74; • (Nasdaq: up 8 percent to $12.63; • FOR) up 10 percent to $10.79; (NYSE: FPP) up 10 percent to $1.80; • PRFT) up 6 percent to • (Nasdaq: STRS) up 26 percenrt to $10.45; • (NYSE: TIN) up 11 percent to $6.13; (Nasdaq: VLNC) up 13 percent to