A dose of good economic news and a buyout offer for Anheuser-Busch Cos. gave Wall Street a big early rebound today, sending the Dow Jones industrials jumping more than 150 points. Treasury prices fell, driving yields higher, as investors returned to stocks.

News of a management shakeup at Lehman Brothers Holdings Inc. drew fresh attention to troubles in the financial sector. Lehman, which earlier this week posted a quarterly loss of $2.8 billion, today ousted its chief financial officer and chief operating officer. But while long-term concerns likely remain about the sector, financial shares were moving higher. Lehman fluctuated and fell 12 cents to $23.63.

The Commerce Department said May retail sales, which appeared to receive a boost from tax rebate checks, rose 1%. That was the biggest improvement in six months. Meanwhile, the Labor Department said first-time claims for unemployment benefits rose, but some of the pickup was due to volatility following the Memorial Day holiday.

Belgian Brewer InBev SA, whose brands include Beck’s and Stella Artois, offered late yesterday to buy the maker of Budweiser, Bud Light, and other brands for $65 per share. Shares of Anheuser-Busch rose $3.65, or 6.3%, to $62.

In the first hour of trading, the Dow rose 154.37, or 1.28%, to 12,238.14.

Broader stock indicators also rose. The Standard & Poor’s 500 index advanced 15.37, or 1.15%, to 1,350.86, and the Nasdaq composite index rose 34.26, or 1.43%, to 2,428.27.

The stock market finished sharply lower yesterday as oil prices rebounded, fanning concerns that inflation will further pinch consumers and lead central banks to raise interest rates. The Dow fell almost 206 points.

Bond prices fell today as some investors left the safety of government debt. The yield on the benchmark 10-year Treasury note, which moves opposite its prices, jumped to 4.16% from 4.07% late yesterday.

The dollar rose against other major currencies, while gold prices rose.

Investors also seemed more interested in stocks as oil prices fell sharply, dropping $3.09 to $133.29 a barrel on the New York Mercantile Exchange. Oil prices, which have been highly volatile lately, spiked yesterday after an energy report showed inventories fell last week, and fed into fear about supply.

In corporate news, Citigroup Inc. is closing a hedge fund co-founded by the current chief executive, Vikram Pandit. Mr. Pandit joined Citi after selling Old Lane Partners in July 2007. Citi shares rose 73 cents, or 3.8%, to $19.94.

Embattled mortgage lender Thornburg Mortgage rose 1 cent to 73 cents after posting a $3.31 billion loss for the first quarter, and reporting that loan delinquencies are likely to continue to increase “modestly” for the rest of the year. Thornburg specializes in larger mortgages, known as “jumbo loans,” which total more than $417,000.

Borders Group Inc. shares rose 37 cents, or 5.4%, to $7.07 after one of its biggest shareholders, a hedge fund manager, William Ackerman, said the bookseller should consider approaching Amazon.com Inc. to propose that the online retailer acquire Borders. Mr. Ackerman is a co-founder of Pershing Square Capital Management, and owns 30% of Borders.

Staples Inc. rose 49 cents, or 2%, to $24.87 after the office supply giant succeeded in its bid to buy Dutch office supply distributor Corporate Express NV for about $2.7 billion.

Advancing issues outnumbered decliners by about 3 to 1 on the New York Stock Exchange, where volume came to 193.1 million shares.

The Russell 2000 index of smaller companies rose 10.99, or 1.53%, to 728.87.

Overseas, Japan’s Nikkei 225 average closed 2.08% higher. In afternoon trading, Britain’s FTSE 100 index added 0.66%, Germany’s DAX 30 index rose 0.71%, and the French CAC-40 index rose 0.52%.