NEW YORK — Stocks rose this morning, rebounding from the worst losing streak since the market bottomed last March.

The market is bouncing back from a three-day losing streak that saw the Dow Jones industrial average fall 5.2 percent as concerns eased that Federal Reserve Board Chairman Ben Bernanke would be reappointed. Investors had become increasingly worried late last week that he might not be given a second term as head of the Fed.

Naming a different Fed chairman than Bernanke, whose term ends Sunday, would have worried investors about how a new leader could reshape monetary policy. With Bernanke in charge, the Fed has repeatedly said it plans to keep interest rates low for the future to stimulate the economy — an action that is supportive of the stock market.

Stocks tumbled late last week following a new proposal from President Barack Obama to tighten regulation over the banking sector spooked the market.

In early morning trading, the Dow Jones industrial average rose 71.34, or 0.7 percent, to 10,244.32. The Standard & Poor's 500 index rose 9.49, or 0.9 percent, to 1,101.25, while the Nasdaq composite index rose 15.23, or 0.7 percent, to 2,220.52.

By The Associated Press