·Wall Street rebounded Wednesday after Tuesday's plunge.
·A better-than-expected report on pending home sales boosted the market, said analysts.·Dow Jones confirmed it has agreed to be bought by News Corp. for 5 billion U.S. dollars.

A stockbroker keeps watch on stock index numbers at a brokerage firm in Mumbai in this file photo from Aug. 1, 2007. (Reuters Photo)
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    NEW YORK, Aug.1 (Xinhua) -- Wall Street rebounded Wednesday after Tuesday's plunge on concerns about U.S. home loans and the credit market.

    The Dow Jones average rose 150.38, or 1.14 percent, to 13,362.37. The Standard & Poor's 500 index rose 10.54, or 0.72 percent, to 1,465.81, and the Nasdaq composite index rose 7.60, or 0.30 percent, to 2,553.87.

    A better-than-expected report on pending home sales boosted the market, said analysts.

    The National Association of Realtors said that pending sales of existing homes rose 5 percent in June from a month earlier. It was the largest monthly gain in more than three years.

    In corporate news, Dow Jones & Co., publisher of The Wall Street Journal, confirmed it has agreed to be bought by News Corp. for 5 billion U.S. dollars. Dow Jones rose 72 cents to 58.10 dollars.

    Wall Street plunges on credit woes

    NEW YORK, July 31 (Xinhua) -- Wall Street fell sharply Tuesday with the Dow Jones industrials lost nearly 150 points on renewed concerns about credit woes.

    Early in the session, stocks rose following strong earnings from General Motors Corp. and Sun Microsystems Inc. and amid somewhat mixed economic data.

    Wall Street nosedives, Asian markets follow suit

A trader scratches his head in the New York Stock Exchange in New York, the United States, July 26, 2007. U.S. stocks fell sharply Thursday amid concern over cooling housing market and subprime loan crisis, with the Dow falling more than 300 points. (Xinhua Photo/Hou Jun)
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    BEIJING, July 27 (Xinhuanet) -- Wall Street took one of it's biggest nosedives of the year Friday and Asian took a tumble also with Japanese stocks taking a hit on the yen's strength and misgivings about weekend elections.

    Markets in Hong Kong, Australia, Taiwan, Singapore, Malaysia and the Philippines also fell sharply as international investors bailed out of riskier assets, including Asian emerging markets.

Dow plunges more than 300 points

NEW YORK, July 26 (Xinhua) -- U.S. stocks fell sharply on Thursday amid concern over cooling housing market and subprime loan crisis, with the Dow falling more than 300 points.

Paulson says stock drop reflects market volatility

    WASHINGTON, July 26 (Xinhua) -- U.S. Treasury Secretary Henry Paulson said on Thursday that the major drop in U.S. stock market reflected the market volatility and would not represent a financial shock.

    "What we're seeing right now is market volatility of the kind that happens when risk gets repriced from time to time," he said in an interview on Bloomberg Television.

An employee of a stock brokerage firm reacts during a trading session in Seoul, South Korea, Friday, July 27, 2007.(Xinhua Photo)