Stocks wavered Thursday as Wall Street attempted to recover from the worst session since 2022 for the S&P 500 and NASDAQ Composite.
The Dow Jones Industrials finished in the green 81,2 points at 39,935.07.
The S&P 500 index leaned lower 27.91 points to 5,399.22.
The NASDAQ flirted with positive readings, but then finished sharply lower, 160.69 points to 17,181.72.
Investors ditched tech for a second day. Nvidia lost 2%, while Advanced Micro Devices shed more than 4%, while mega-cap stocks Meta Platforms and Microsoft slumped 2%. Alphabet declined more than 3%.
Ford Motor shares tumbled 18% and headed for their worst day since 2008 after second-quarter earnings came in much lower than analysts expected. Chipotle slipped, despite topping earnings and revenue expectations, while ServiceNow popped 15% on stronger-than-expected earnings and headed for its best day since 2013.
Investors also assessed a second-quarter GDP report that showed the economy grow 2.8%, and much more than expected. Economists surveyed by Dow Jones had anticipated growth of 2.1%.
Prices for the 10-year Treasury grew, lowering yields to 4.25% from Wednesday’s 4.28%. Treasury prices and yields move in opposite directions.
Oil prices recovered 60 cents at $78.19 U.S. a barrel.
Gold prices scaled back $53.20 to $2,362.50
