Updated from 3:31 p.m. EDT
Stocks stabilized late in the day and finished mixed after weak overseas sessions and news of another high-profile bankruptcy.
Dow Jones Industrial Average
ended up 3.46 points, or 0.04%, to 9347.62. The
was off 7.11 points, or 0.42%, to 1696.29, and the
lost 1.67 points, or 0.15%, to 1089.98. By the close, stocks had recovered from steep losses earlier in the session.
Among the major sectors, technology was weaker, with the semis getting hammered. Before the opening bell, J.P. Morgan downgraded several makers of communication integrated circuits, while Lehman Brothers urged investors to avoid chip equipment stocks. Elsewhere, banks and biotech stocks saw modest gains, and Internet stocks were mixed.
filed for Chapter 11 bankruptcy protection Monday. Last week,
sought relief from its creditors. Shares of Polaroid last traded at 28 cents, and Bethlehem was at $1.20. Neither issue has traded since the companies sought protection from their creditors.
ended down 77 cents, or 4.5% at $16.18.
fell 74 cents, or 3% to $24.28.
traded up 84 cents, or 10.4% to $8.91 after being upgraded by Dain Rauscher Wessels.
, a company that manufactures products designed to detect biological contaminants, saw its shares rise 3.3% to $59.99 after new cases of anthrax put the U.S. on alert for the risk of a biological attack.
In Europe, London's FTSE 100 finished down 1.5% to 5067, while Germany's Xetra DAX dropped 1.7% to 4548. The CAC 40 in Paris was off 2.9% to 4214. Japan's Nikkei finished 1.7% lower at 10,453, and Hong Kong's Hang Seng lost 1.4% to close at 10,131.
Earnings season takes off in earnest this week.
Bank of America
said third-quarter earnings from operations fell 4% to $1.28 a share. The company took a $1.25 billion charge to exit the subprime lending business. Bank of America was up $2.59, or 4.9%, at $55.60. For more corporate news, check out
Stocks to Watch.
Meanwhile, the bombing of Afghanistan continued after President Bush rejected an offer from the ruling Taliban to discuss the extradition of Osama bin Laden.
Around 4 p.m. EDT, the 10-year Treasury note was trading up 15/32 at 103 2/32, yielding 4.61%.