U.S. stocks
fluctuated, with the Standard & Poor’s 500 Index near the lowest
since April 2014, as energy shares retreated while industrial and
raw-material companies erased earlier declines.
Equity markets are
attempting to stabilize after the Nasdaq Composite Index’s worst two-day
selloff since August and an early drop Tuesday brought it within 1
percent of a bear market. Technology shares were little changed after
erasing a 1.2 percent drop, while raw-material and industrial companies
advanced amid weakness in the dollar. Chevron Corp. lost 2.6 percent to
pace declines in energy while banks struggled to advance.
The S&P 500 fell
0.3 percent to 1,848.76 at 12:10 p.m. in New York, after wiping out an
opening drop of 1 percent. The Nasdaq Composite Index slipped 0.2
percent, after lurching between gains and losses. The Dow Jones
Industrial Average fell 52.67 points, or 0.3 percent, to 15,974.38.
Source: Bloomberg
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