Wall Street rebounds as global stocks rise

Wall Street rebounded today as investors were encouraged by a recovery on world markets and moved to recoup some of the big losses suffered in last week’s sharp pullback. The Dow Jones industrials rose 157 points.

Investors came off the sidelines to buy stocks that have languished in five turbulent sessions. The Dow made back about 26% of the ground it lost over the past week, and scored its highest one-day point gain since July 24.