The Dow Jones industrial average added 30 points to 11,896, narrowly avoiding falling for a ninth-straight session in what would have been the closely watched market measure's longest losing streak in 33 years.
After pummeling stocks for more than a week, pushing markets dangerously close to the 10% pullback considered a correction, investors decided they may have gone too far.
"Stocks are oversold at these levels," says Michelle Clayman at New Amsterdam Partners. "Businesses are actually doing pretty well."
Read more at http://www.usatoday.com/money/markets/2011-08-03-stocks--break-eight-day-losing-streak_n.htm
