30th June proved to be a day of relief after the stocks bounced around for about a week. On 3oth the indexes rebounded partially. The reason for this rebound was General Motors Financing Division, whose results helped in the indexes to perform partly well! This might be quite surprising in the wake of the Subprime Lending rates being the cause of concern.
Other than GM, there were smaller deals which helped the market to bounce back atleast partially.