U.S. markets rebounded on strong earnings from companies such as Facebook and Alexion, appearing to justify the Fed Reserve's decision to taper its stimulus program yesterday. Emerging market volatility has taken a breather after some central banks moved to stabilize their currencies, though some fund managers warn the respite is temporary. Economic growth data at 3.2% was within expectations though jobless claims and housing demand was mixed, reports showed. TheStreet's Jane Searle speaks with Mark Newton of Greywolf Execution the NYSE.

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