Blue Chips Wobble, Don't Fall Down

Updated from 4:28 p.m. EDT

Stocks closed a rocky session mixed Monday as blue-chip stocks managed eke out a marginal recovery following the previous session's giant selloff, even as tech shares finished to the downside.

The Dow Jones Industrial Average, up roughly 120 points earlier, wavered late in the session before closing up 70.51 points, or 0.58%, to 12,280.32. The S&P 500 clawed its way up from a late pullback to end up 1.08 points, or 0.08%, at 1361.76.

The Nasdaq Composite, which was weak for virtually the entire session, dropped 15.1 points, or 0.61%, to 2459.46 amid losses in big tech names Apple (AAPL Quote) -- which unveiled its new 3G-enabled iPhone today -- as well as Cisco (CSCO Quote) and Google (GOOG Quote). ...