Stocks recovered most of an early loss and drifted to a mixed finish on Wall Street Wednesday as gains for banks and industrial companies were offset by losses elsewhere in the market.
The market slumped in the early going after a key U.S. trade negotiator stoked doubt over how much progress was being made in trade talks between the U.S. and China.
On Wednesday:
The S&P 500 index dropped 1.52 points, or 0.1 percent, to $2,792.38.
The Dow Jones Industrial Average gave up 72.82 points, or 0.3 percent, to 25,985.16.
The Nasdaq composite gained 5.21 points, or 0.1 percent, to 7,554.51.
The Russell 2000 index of smaller companies picked up 3.57 points, or 0.2 percent, to 1,581.05.
For the week:
The S&P 500 is down 0.29 points, or 0.01 percent.
The Dow is down 46.65 points, or 0.2 percent.
The Nasdaq is up 26.97 points, or 0.4 percent.
The Russell 2000 is down 9.01 points, or 0.6 percent.
For the year:
The S&P 500 is up 285.53 points, or 11.4 percent.
The Dow is up 2,657.70 points, or 11.4 percent.
The Nasdaq is up 919.23 points, or 13.9 percent.
The Russell 2000 is up 232.49 points, or 17.24 percent.
