NEW YORK (AP) - Wall Street has spent another session buffeted
by volatility, closing mixed after investors wrestled with their fears about the economy but also looked for bargains after two days of selling.
Buying came in spurts and then often quickly evaporated as investors fretted that the economy is either in a recession or headed for one. Investors were gravitating toward big-name stocks seen as safer bets - tech and small-cap stocks ended the day with declines.
Wall Street is living up to predictions that trading will remain volatile as investors try to test whether the market has formed a bottom after this month's huge declines.
The Dow Jones industrials are up 172 at the 8,691 level while the Nasdaq composite index is down 0.73 percent. The Standard & Poor's 500 index has a gain of 1.3 percent.
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to email@example.com. Please provide detailed information.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.