Sydney, May 15, 2009 (ABN Newswire) - Wall Street rebounded overnight from the massive fall in previous trading session. The market shrugged off the news of a growing unemployment claims in Labour Department report as investors believed the job losses had hit their peak and looked towards an economic recovery.
The Australian share market yesterday closed significantly lower as investors anticipated further drop in Europe and US. The benchmark S&P/ASX200 index fell 132.7 points, or 3.4 per cent, to 3723.4, while the broader All Ordinaries index declined 131.7 points, or 3.4 per cent, to 3710.8.
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