Dow halts 5-session skid with slight gain, but closes mostly flat

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Breaking

Dow erases 400-point skid to turn positive in afternoon trade

The Dow Jones Industrial Average on Thursday came off its worst levels of the session and turned positive in afternoon trade. The Dow was up about 23 points, or 0.1%, at 23,952, after sinking by as many as 394 points in late-morning trade. The S&P 500 index was down by less than 0.1% at 2,634, at last check, after hitting a low at 2,594, while the Nasdaq Composite Index was trading flat at 7,100, after touching a nadir at 6,991. Both the S&P 500 and the Dow retreated below their long-term, 200-day moving averages, which technical analysts tend to use as a gauge of an assets momentum. However, market participants say some opportunistic buying may occur after breaching such technical levels. There were few other catalysts powering the stock market’s attempt at a midday turnaround.

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