STEPHEN BERNARD
AP Business Writer
NEW YORK – Stock futures are sharply higher, suggesting stocks are ready to bounce back from their worst losing streak since the market bottomed last March.
The market is trying to recover from a three-day losing streak that saw the Dow Jones industrial average fall 5.2 percent. Concerns about a new proposal from President Barack Obama to tighten regulation over the banking sector spooked the market.
A brewing battle over Federal Reserve Chairman Ben Bernanke’s reappointment could also sway trading throughout the week.