Stocks closed modestly higher on Wall Street after a day of veering between gains and losses.
The tentative trading came a day after the market’s worst drop in two years, which was set off by fears that higher interest rates could cause a recession.
The S&P 500 added 0.3% Wednesday. The Dow Jones Industrial Average ended just slightly in the green and the Nasdaq composite added about three-quarters of a percent.
On Wednesday:
The S&P 500 rose 13.32 points, or 0.3%, to 3,946.01.
The Dow Jones Industrial Average rose 30.12 points, or 0.1%, to 31,135.09.
The Nasdaq rose 86.10 points, or 0.7%, to 11,719.68.
The Russell 2000 index of smaller companies rose 6.89 points, or 0.4%, to 1,838.46.
For the week:
The S&P 500 is down 121.35 points, or 3%.
The Dow is down 1,016.62 points, or 3.2%.
The Nasdaq is down 392.63 points, or 3.2%.
The Russell 2000 is down 44.38 points, or 2.4%.
For the year:
The S&P 500 is down 820.17 points, or 17.2%.
The Dow is down 5,203.21 points, or 14.3%.
The Nasdaq is down 3,925.29 points, or 25.1%.
The Russell 2000 is down 406.85 points, or 18.1%.
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