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Updated from 4:57 p.m. EST
Stocks looked into the abyss Wednesday before finding their courage.
After trading as low as 11,939.61 at around 1 p.m. EDT, the Dow Jones Industrial Average rebounded smartly to close up 57.44, or 0.5%, to 12,133.40. The S&P 500 rose 9.22, or 0.7%, to 1387.17 after trading as low as 1364.14 intraday, and the Nasdaq Composite gained 21.17, or 0.9% to 2371.74 after trading as low as 2331.57.
Unlike Tuesday's intraday swoon, seemingly triggered by the Mortgage Bankers Association's report on fourth-quarter delinquencies, there was no obvious fundamental catalyst for Wednesday's midday bounce. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,388.90 | 1,105.98 | 2,194.35 | 34.83 |
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