Wall Street continued to rebound on Wednesday after a late rally helped erase most of the morning losses in the previous session. Market sentiment was boosted by a better-than-expected report, showing long- lasting goods jumped for the fourth month in the past five months. According to the Commerce Department, orders for durable goods increased 2.9 percent in April to a seasonally adjusted 193.9 billion U.S. dollars, primarily pushed forward by a huge surge in civilian airplanes. Meanwhile, purchases of new homes in the U.S. jumped in April to the highest level in two years as buyers rushed to qualify for a government tax credit before it expired at the end of the month. A separate report from the Commerce Department showed sales of new single-family homes rose 14.8 percent to an annual rate of 504, 000 units in April, after a 29.8 percent surge in March. The Dow Jones industrial average rose 61.37, or 0.61 percent, to 10,105.12. The Standard & Poor's 500 index gained 8.58, or 0.80 percent, to 1,082.61 and the Nasdaq rallied 26.24, or 1.19 percent, to 2,237.19. 