U.S. stocks slipped,
with the Standard & Poor’s 500 Index holding near its lowest since
April 2014 while the Nasdaq Composite Index edged closer to a bear
market, amid declines in energy and technology shares.
Equity markets are
attempting to stabilize after the Nasdaq Composite Index’s worst two-day
selloff since August, and an early drop Tuesday that brought it within 1
percent of a bear market. Whipsaw moves in technology, consumer,
health-care and industrial companies sent stocks careening between gains
and losses throughout the session. Raw-material companies rallied amid
weakness in the dollar, while energy sank with oil prices.
The S&P 500
slipped 0.1 percent to 1,852.36 at 4 p.m. in New York, after erasing an
early 1 percent loss and climbing as much as 0.8 percent. The Nasdaq
Composite Index fell 0.4 percent after lurching between gains and
losses.
Source : Bloomberg
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