U.S. stocks fluctuated, with the Standard & Poor’s 500 Index near the lowest since April 2014, as energy shares retreated while industrial and raw-material companies erased earlier declines.
Equity markets are attempting to stabilize after the Nasdaq Composite Index’s worst two-day selloff since August and an early drop Tuesday brought it within 1 percent of a bear market. Technology shares were little changed after erasing a 1.2 percent drop, while raw-material and industrial companies advanced amid weakness in the dollar. Chevron Corp. lost 2.6 percent to pace declines in energy while banks struggled to advance.
The S&P 500 fell 0.3 percent to 1,848.76 at 12:10 p.m. in New York, after wiping out an opening drop of 1 percent. The Nasdaq Composite Index slipped 0.2 percent, after lurching between gains and losses. The Dow Jones Industrial Average fell 52.67 points, or 0.3 percent, to 15,974.38.