US stocks recoup losses
Wall Street recovered from an earlier plunge to finish narrowly mixed today as investors attempted to rally from a week of losses fuelled by concerns that higher interest rates will strain the global economy.
Persistent inflation and rate worries pushed stocks substantially lower during the session, with the Dow Jones industrials dropping more than 173 points at midday. But bargain hunters entered the market late in the day and took advantage of relatively cheap stock prices.
