Markets fluctuate as stocks struggle
Published: Wednesday, January 23, 2008 at 2:49 p.m.
Last Modified: Wednesday, January 23, 2008 at 2:49 p.m.
NEW YORK - Wall Street stumbled through an erratic session Wednesday, with the Dow Jones industrials falling more than 320 points before regaining ground to trade nearly flat. Investors weighed down by recession fears sought some bargains, but it was likely that this rebound would be short-lived.
"You continue to see a handful of buyers come in, but they're quickly overwhelmed by the sellers," said Todd Salamone, vice president of research at Schaeffer's Investment Research in Cincinnati.
In afternoon trading, the Dow was down 32.35, or 0.27 percent, at 11,938.84, shortly after bobbing into positive territory.
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