A wild day on Wall Street ends with Dow down 173 - CBS News 8 - San Diego, CA News Station - KFMB Channel 8

A wild day on Wall Street ends with Dow down 173


Stocks are ending a wild day mostly lower as indexes recover much of an early plunge.

Investors dumped risky assets Wednesday in heavy trading and parked their money in investments seen as relatively safe, such as U.S. government bonds.

The Dow Jones industrial average plummeted as much as 460 points in afternoon trading, then clawed back much of the ground it lost. It ended down 173 points, or 1.1 percent, at 16,141.

The Standard & Poor's 500 fell 15 points, or 0.8 percent, to 1,862. The Nasdaq fell 11 points, or 0.3 percent, to 4,215.

A late-afternoon recovery erased much of the losses. The S&P 500 and the Nasdaq are now slightly higher for the year.

Bond prices soared. The yield on the 10-year Treasury note fell to 2.15 percent.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by Frankly
All content © Copyright 2000 - 2018 KFMB-TV. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.