U.S. markets rebound Wednesday morning

Eurostat said industrial orders fell 3.8 percent in the euro zone in September compared to August and dropped 2.5 percent in the 27-member European Union. In Washington, the Commerce Department said new orders for durable goods fell 3.3 percent in October after a 5 percent increase in September.

In an early release to accommodate the Thanksgiving holiday, the Department of Labor said weekly first-time unemployment benefit claims fell by 34,000 in the week ending Nov. 20.

In midmorning trading on Wall Street, the Dow Jones industrial average added 88.13 points, 0.8 percent, to 11,124.50. The Standard & Poor's 500 index added 0.83 percent, 9.83 points, to 1,190.56. The Nasdaq composite index gained 1.24 percent, 30.82, to 2,525.77.

The benchmark 10-year treasury note lost 17/32 to yield 2.842 percent.

The euro rose to $1.3377 from Tuesday's $1.337. Against the yen, the dollar rose to $83.32 yen from Tuesday's 83.17 yen.

The Nikkei 225 index in Japan dropped 0.84 percent, 85.08, to 10,030.11.

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