Updated from 4:18 p.m. EDTStocks in New York had an erratic session Wednesday and visited both positive and negative territory, but ultimately the major indices closed near their session lows after a late selloff. The Dow Jones Industrial Average fell 82.99 points, or 1%, to 7886.57, while the S&P 500 fell 6.53 points, or 0.8%, to 843.55. The Nasdaq tacked on 2.27 points, or 0.1%, to 1646.12. The major indices gave up 3% to 4% on Monday and then reclaimed about half of that this time, before retreating in the afternoon. During the trading day, technology stocks were the strongest segment ahead of earnings from Apple ( AAPL) and eBay ( EBAY). Both delivered better-than-expected results, sending their shares higher by 2.5% and 5%, respectively, after the regular session. Earlier, Sandisk ( SNDK) shares rose 13.4% to $15.54 after it topped estimates, and Yahoo! ( YHOO) gained 0.7% to $14.48 after announcing its quarterly numbers and a 5% workforce reduction. Auto stocks rose early owing to a Goldman Sachs upgrade for the U.S. auto sector to neutral. The analysts also raised Ford's ( F) rating to buy. Ford's shares were 12.6% higher at $4.28. General Motors ( GM), however, gave up its early gains and ultimately lost 0.6% to $1.69, after The Wall Street Journal reported that the automaker's CFO has indicated it won't be able to make its June 1 debt payment of $1 billion. Caterpillar ( CAT), was the strongest component on the Dow, adding 3.4% to $32.45 a day after its earnings. General Electric ( GE) climbed 0.9% to $11.80 following its annual shareholder meeting. GE CEO Jeff Immelt said the recession was "difficult to predict" and that the downturn is the worst since the Great Depression.