NEW YORK (AP) - The stock market has had another seesaw day. Stocks fell sharply in early trading on a series of troubling economic and political developments, then recovered late in the day.
The turnaround came as bank stocks rallied in response to comments by Rep. Barney Frank. The Massachusetts Democrat indicated Congress may pass a mild version of the financial overhaul bill that lawmakers are now negotiating.
While the market's comeback was impressive, it is still vulnerable to sharp drops on concerns about Europe's debt problems.
The Dow Jones industrials closed with a loss of 23, or 0.2 percent, at 10,044. The Standard & Poor's 500 index rose less than a point, or less than 0.1 percent, to 1,074. The Nasdaq composite index closed down 3, or 0.1 percent, at 2,211.
About three stocks fell for every two that rose on the New York Stock Exchange. Volume came to 1.9 billion shares.