NEW YORK (AP) _ Stocks were little changed at midday after initially extending a late recovery from Friday’s 283-point tumble by the Dow industrials.
At noon on Wall Street, the Dow Jones industrial average was down 3.34 at 8,530.31 after giving back an early 85-point gain that temporarily wiped out Friday’s 77-point loss.
Broad-market indicators were mixed as investors, shaken by Friday’s sudden decline, used the opening bounce to pull some money off the table.
Friday’s selloff was sparked by fears that the economic crisis in Asia and Russia is spreading into Latin America.
Compounding matters were concerns over Thursday’s U.S. bombings against suspected terrorist sites in Afghanistan and Sudan. White House officials have warned of possible retaliations for the missile attacks.
The Standard & Poor’s 500 index was up 2.39 at 1,083.63, and the technology-heavy Nasdaq composite index was up 3.47 at 1,794.14.
Declining issues outnumbered advancers by nearly a narrow margin on the New York Stock Exchange, where volume came to 258.64 million shares, down sharply from Friday’s brisk pace.
The NYSE composite index was up 1.32 at 542.14, and the American Stock Exchange composite index was down 0.33 at 651.50.
Overseas, Tokyo’s Nikkei stock average fell 2.0 percent, Frankfurt’s DAX index rose 1.4 percent and London’s FT-SE 100 rose 1.4 percent.