Updated from 4:05 p.m. EDTStocks continued to trade chaotically Tuesday, falling sharply at midday on spiking oil and mixed earnings news before erasing much of the loss by session's end. The Dow Jones Industrial Average, which was down more than 50 points at one point, ended down 7.13 points, or 0.07%, to 10,377.87. The Nasdaq, whose loss approached 20 points at 2 p.m. EDT, ended down 6.38, or 0.3%, to 2109.45. The S&P 500 closed down 2.84 points, or 0.24%, to 1196.54. The action confounded bulls who hoped Monday's 170-point rally on the Dow marked the beginning of a uptrend for stocks. Instead, "people are still searching for a bottom," said Robert Pavlik, chief investment officer with Oaktree Asset Managment. "Yesterday was another one-day wonder story without a follow-through," said Dave Briggs, head of equity trading with Federated. "We don't have enough conviction. We need to have some modest moves instead of these giant ones. Hopefully we can right ourselves and start our Santa Claus rally." Oil, which fell in the prior session on a belief that Hurricane Wilma would sap fuel demand in the Southeast, was sharply higher Tuesday, adding $2.12 to $62.44 a barrel in Nymex floor trading. Volume was thin ahead of Wednesday's Energy Department update on U.S. crude and gasoline inventories. On the economic front, the Conference Board said its consumer confidence index fell to 85.0 for October. Economists expected a rise to 88.0 from a reading of 87.5 in September. "A lot of consumer confidence is still focused on oil prices, even though those prices have fallen off recently," said Paul Nolte, director of investments with Hinsdale Associates. "The discussion about inflation is making people feel squished. The consumer feels he's running as fast as he can and not moving forward." Separately, the National Association of Realtors said existing-home sales rose 0.3% during September to an annualized rate of 7.28 million. Economists expected sales to dip slightly to an annualized rate of 7.20 million. About 1.71 billion shares traded on the New York Stock Exchange, with decliners beating advancers by a 2-to-1 margin. Trading volume on the Nasdaq was 1.61 billion shares, with decliners outpacing advancers 2 to 1. In other markets, the 10-year Treasury was down 20/32 in price to yield 4.53%, while the dollar was lower against the yen and euro. Texas Instruments fell almost 8% after reporting a 13% jump in third-quarter earnings to $638 million, or 38 cents a share, on a 10% revenue increase to $3.59 billion. Excluding items, the chipmaker earned 42 cents a share, beating estimates by a penny. Revenue was in line with estimates, but traders sold the stock down on uninspiring guidance. TI lost $2.37 to $28.55.