NEW YORK (AP) — The Dow Jones industrial average closed higher Thursday, regaining half of its decline the day before, as buyers returned to the market.
The Dow rose 55.76 points, or 0.4 percent, to close at 14,606.11. On Wednesday it dropped 111, its worst fall in more than a month, following weak reports on hiring and service industries. The decline was enough to make stock prices seem attractive again.
"Investors have been looking for a reason to sell, given the rally we've seen in the market in the past couple of months," said Joseph Tanious, a global market strategist at JPMorgan Funds. "Today, you're seeing investors come back into the market and buy on the dip."
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