Stocks plunge, then mostly recover as wild ride continues

Traders Gordon Charlop, left, and John Panin work on the floor of the New York Stock Exchange, Tuesday, Feb. 6, 2018. The Dow Jones industrial average fell as much as 500 points in early trading, bringing the index down 10 percent from the record high it reached on Jan. 26. The DJIA quickly recovered much of that loss. (AP Photo/Richard Drew)

Richard Drew

NEW YORK (AP) — The latest on developments in financial markets (all times local):

9:35 a.m.

Stocks are opening modestly higher on Wall Street as the market stabilizes following three days of tumult.

Consumer-focused companies rose the most in early trading Wednesday. Disney rose 1.5 percent and Amazon rose 1 percent.

Technology companies fell. Microsoft gave up 1.2 percent.

Chipotle Mexican Grill slumped 8.8 percent after saying it expects customer traffic to continue to decline.

Wynn Resorts jumped 6.8 percent after Steve Wynn said he would resign as CEO following allegations of sexual misconduct.

The Standard & Poor's 500 rose 4 points, or 0.2 percent, to 2,701.

The Dow Jones industrial average rose 102 points, or 0.4 percent, to 25,007. The Nasdaq edged down 5 points, or 0.1 percent, to 7,110.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.78 percent.

Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.