According to Wall Street they fought to recoup some of its losses on Thursday, after a day that dragged financial markets to their worst point in nearly six years.As stocks hopped from red to green and back again, investors continued to seek cover in safe havens like Treasury notes and gold, driving those prices higher. And a new report that jobless claims had crested to their highest levels in 16 years reminded investors that the frail economy continues to weaken.On Thursday, the Labor Department reported that new claims for unemployment benefits rose to a seasonally adjusted 542,000 last week, the highest level since July 1992. On Capitol Hill, the Senate was expected to take up a bill extending unemployment assistance to people whose benefits have expired.

Igot this article from The New York Times