Alex Veiga

US stocks rebounded Thursday, sending the Dow Jones industrial average and Standard & Poor’s 500 index back into record territory.

Investors remained in a record-setting mood Tuesday, edging the Dow Jones industrial average and Standard & Poor’s 500 index to their latest all-time highs.

Stocks moved higher in late afternoon trading Tuesday, on track to deliver a record-high close for the Dow Jones industrial average and Standard & Poor’s 500 index. Pharmaceutical and medical equipment stocks were among the biggest gainers. A positive outlook from homebuilders and encouraging news from Japan and Germany also helped lift markets.

Visa Inc.’s profit fell about 10 percent in its fiscal fourth quarter, weighed down by one-time litigation expenses.

The nation’s largest servicer of subprime mortgages has engaged in abuses that could potentially harm hundreds of thousands of borrowers, according to the New York Superintendent of Financial Services.

Fear drove Wall Street to one of its most dramatic, dizzying days in years on Wednesday.

The decline came as investor fears of a global economic slowdown intensified after several weeks of turbulent market action.