Right at the close, the Dow was up about 275 points, to 10,018. Naysayers might call this a short-term snap-back that's the inevitable result of so many down days. Others are looking at better-than-expected earnings at money manager State Street as the first indication of a strong second quarter (the major banks did well today). A bigger question than second-quarter results will be what companies expect in the July-September period.

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   Mark Lacter created the LA Biz Observed blog in 2006. He posted 
until the day before his death on Nov. 13, 2013.
Mark Lacter created the LA Biz Observed blog in 2006. He posted 
until the day before his death on Nov. 13, 2013.