Stocks Waver on Way up from Big Selloff - InvestingChannel

Stocks Waver on Way up from Big Selloff

Stocks wobbled Wednesday as Wall Street attempted to recover from a lackluster start to September.

The Dow Jones Industrial index regained 80.56 points, to greet noon Wednesday at 41,017.49.

The S&P 500 sagged 0.91 points to 5,528.02.

The NASDAQ dropped 12.99 points to 17,123.31.

Traders are bracing for more volatility in September, historically a weak month for equities. Many investors anticipate a pullback of 5% or more in the coming weeks, although some money managers view any decline as a buying opportunity.

Some megacap technology and chip stocks regained some footing Wednesday, with Advanced Micro Devices and Tesla rallying about 4% each.

Corporate earnings season is largely behind investors, with Hewlett Packard Enterprise set to post earnings after the close. Dollar Tree shed nearly 19% after slashing its guidance.

Prices for the 10-year Treasury gained ground, lowering yields to 3.8% from Tuesday’s 3.84%. Treasury prices and yields move in opposite directions.

Oil prices dipped 47 cents to $69.87 U.S. a barrel.

Gold prices fought their way up $2.40 to $2,525.40.

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