US stocks made a stunning comeback today, as investors snapped up some of the financial sector’s stronger players and pumped money into the materials and transportation sectors. The Dow Jones industrial average rose more than 160 points.

Stocks reversed a steep sell-off to end mostly higher today as fears about a worrying jobs report gave way to bargain-hunting in sectors like financials and consumer staples.

Wall Street capped a volatile week with sharp gains today as oil prices tumbled and after Federal Reserve Chairman Ben Bernanke said inflation pressures are likely to moderate. The Dow Jones industrial average rose nearly 200 points.

US stocks have fallen for a second straight day as investors grow more worried that the financial sector is still suffering badly from the credit crisis.

Wall Street plunged while bonds surged higher today after the government reported that payrolls in August fell for the first time in four years rather than rising as had been expected. The Dow Jones industrial average fell nearly 250 points.

Wall Street ended a mildly erratic day slightly lower today after anxiety about widening credit problems offset investor optimism about a $2bn capital infusion into troubled mortgage lender Countrywide Financial Corp.

Wall Street ended a mildly erratic day slightly lower today after anxiety about widening credit problems offset investor optimism about a $2bn (€1.47bn) capital infusion into troubled mortgage lender Countrywide Financial Corp.

Lehman Brothers Holdings Inc, the fifth-biggest US securities firm, agreed to pay $222.5 million to resolve a suit filed by investors over the bank’s role as underwriter for Enron Corp, the bankrupt energy trader, people familiar with the settlement said.

THE European Central Bank held euro interest rates at 2% yesterday to help boost the slow growing eurozone economy which is being threatened by increased inflation fuelled by oil price increases.

The dollar fell against the euro in New York yesterday after the Federal Reserve kept its target interest rate at a 45-year low and said it can be patient in keeping the rate slow to spur US job growth.