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Investors in food stocks like Pilgrim's Pride and Coca-Cola quailed before inflation fears, but a rebound spearheaded by Lehman Brothers Holdings for the financial stocks and hopes of a satellite-radio tie-up helped the Standard & Poor's 500 and the Nasdaq Composite to gains.

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A bounce back for the beaten-down financial sector and falling oil prices drove stocks into the green Wednesday, though trading was muted ahead of an interest rate decision and statement from the Federal Reserve, due out at 2:15 p.m. EDT.

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The Dow Jones Industrial Average moved into a bear market this week, though it finished Thursday with a bounce, as General Motors' stock tried to fight back from its lowest levels since the 1950s. With the Standard & Poor's 500 on the brink of a bear market and on Thursday hitting its lowest intraday mark in more than a year, the only question now is how low stocks will go before the next bull move starts.

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U.S. stocks traded slightly higher on Wednesday as a better-than-expected earnings report from Wells Fargo spurred a bounce-back for financials and offset a report that U.S. consumer prices soared at their fastest pace in a quarter century last month.

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A better-than-expected earnings report from Wells Fargo spurred a bounce-back for financials and drove the Dow Jones Industrial Average up more than 2% Wednesday afternoon.

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