Major U.S. stock indexes finished mostly lower Thursday after a late wave of buying erased most of the losses from a steep early market slide.
The early plunged was triggered by the arrest of a senior Chinese technology executive. Investors were encouraged by an afternoon report that the Federal Reserve may move slower in raising rates. Bond yields remained lower as investors moved money into lower-risk investments.
The S&P 500 index fell 4.11 points, or 0.2 percent, to 2,695.95.
The Dow Jones Industrial Average dropped 79.40 points, or 0.3 percent, to 24,947.67.
The Nasdaq composite gained 29.83 points, or 0.4 percent, to 7,188.26.
The Russell 2000 index of small-company stocks gave up 3.34 points, or 0.2 percent, to 1,477.41.
For the week:
The S&P 500 is down 64.22 points, or 2.3 percent.
The Dow is down 590.79 points, or 2.3 percent.
The Nasdaq is down 142.28 points, or 1.9 percent.
The Russell 2000 is down 55.85 points, or 3.6 percent.
For the year:
The S&P 500 is up 22.34 points, or 0.8 percent.
The Dow is up 228.45 points, or 0.9 percent.
The Nasdaq is up 284.87 points, or 4.1 percent.
The Russell 2000 is down 58.10 points, or 3.8 percent.