Stocks Claw Back After Early Plunge

Recover much of the ground they lost
By Newser Editors and Wire Services
Posted Dec 6, 2018 3:11 PM CST
Stocks Claw Back After Early Plunge
Specialist Anthony Rinaldi works at his post on the floor of the New York Stock Exchange, Thursday, Dec. 6, 2018.   (AP Photo/Richard Drew)

(Newser) – Stocks clawed back much of the ground they lost in an early plunge triggered by the arrest of a senior Chinese technology executive, the AP reports. The Dow Jones Industrial Average and the S&P 500 index ended slightly lower Thursday, having taken a nosedive in the morning. Technology shares including Netflix moved higher. Investors were encouraged by a report that the Federal Reserve may move slower in raising rates. Bond yields remained lower as investors moved money into lower-risk investments. Boeing, which would have much to lose in an extended trade battle, lost 3.1%. The Dow lost 79 points, or 0.3%, to 24,947. It was down 784 earlier. The S&P 500 lost 4 points, or 0.2%, to 2,695. The Nasdaq rose 29 points, or 0.4%, to 7,188. (Read more stock market stories.)

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