Shares rebound, dollar dips vs yen
They are getting ready to break the 100 
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World equity markets rose on Monday, erasing earlier losses as Wall Street attempted a rebound after its worst weekly decline this year, while the dollar slipped against the Japanese yen but remained within a hair's breadth of the key 100 level.
U.S. stocks were higher in afternoon trade, reversing an earlier decline on strength in technology shares. Microsoft jumped nearly 4 percent, boosting both the Nasdaq and the S&P 500.
But the day's biggest gainers were in cyclical sectors, groups closely tied to the pace of economic growth. Last week, concerns about growth sparked steep declines in cyclical equities.
"Ultimately, we think cyclical names will lead the market higher, but in the short term, the decline could continue," said Eric Green, senior portfolio manager at Penn Capital Management in Philadelphia, who said that cyclical stocks were oversold.
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