Wall Street rebounds from recent losses

Wall Street finished moderately higher in fitful trading today as investors, still nervous about the economy, decided to buy back into a stock market pummelled by three straight days of losses.

With the market having largely priced in the possibility of a recession, many believe there are plenty of valuable stocks at cheap prices. Before Thursday, the Dow Jones industrial average had fallen this week by 543 points, or 4.26%, giving up all of last week’s sharp gains.