US markets recover modestly a day after big plunge
Source: AP-Excite
By KEN SWEET
NEW YORK (AP) — U.S. and global stock markets were recovering in late morning trading Wednesday after a sharp sell-off a day earlier. Investors remain on edge after the latest market plunge, which was triggered by more signs of slowing growth in China.
KEEPING SCORE: The Dow Jones industrial average rose 126 points, or 0.8 percent, to 16,189 as of 11:09 a.m. Eastern time. The Standard & Poor's 500 index climbed 13 points, or 0.7 percent, to 1,927 and the Nasdaq composite gained 44 points, or 1 percent, to 4,681.
The gains follow a volatile Tuesday on Wall Street, where the Dow fell 470 points in a heavy trading.
"Investors should expect more volatility to come in this market," said Mark Luschini, chief investment strategist for Janney Montgomery Scott. "The market needs to work through this correction, and that could take weeks, or maybe months."
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