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The Closing Bell: Dow & S&P 500 Pare Losses From China Economic Concerns
FYI: U.S. stocks clawed back steep early losses to trade slightly higher as investors sought bargains in beaten-down utilities and consumer shares after a two-day swoon. Technology firms remained lower on concerns that trade tensions with China are rising again.
The S&P 500 Index retraced just about all of an earlier slide, while the Nasdaq 100 Index fell to the lowest since Aug. 1 on its third day of declines, with software companies and semiconductor manufacturers the worst performing groups in the market. Volatility appears to be returning, with the Cboe Volatility Index, or VIX, at one point touching its highest intraday level since June
