Stocks narrow losses in volatile trade

U.S. stocks trimmed losses on Thursday in a volatile session that saw major indexes kick off the day on a strong note and then sink into negative territory. Jonathan Golub, chief U.S. equities strategist at RBC Capital Markets, attributed the stock market’s swings to heightened volatility where rallies are immediately followed by large drops. The S&P 500 slid 6 points, or 0.3% to 1,913, coming back from an earlier low of 1,900 and the Dow Jones Industrial Average fell 88 points, or 0.5%, to 16,196. The tech-laden Nasdaq Composite shed 28 points, or 0.6%, to 4,591.

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From:: Stock Market News

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