Wall Street wrapped another turbulent day for stocks Thursday with indexes ending more or less where they started after an early rally got washed away.
The S&P 500 ended with a tiny loss after giving up an early gain of 1.6%. Technology stocks accounted for a big slice of the selling, which accelerated following news reports with discouraging data about a clinical trial for a potential treatment of COVID-19.
Energy stocks held on to their gains following another jump in the price of crude, which crashed earlier this week.
The S&P 500 index slipped 1.51 points, or 0.1%, to 2,797.80.
The Dow Jones Industrial Average rose 39.44, or 0.2%, to 23,515.26.
The Nasdaq fell 0.63 points, or less than 0.1%, to 8,494.75.
The Russell 2000 index of smaller company stocks picked up 12.54 points, or 1%, to 1,214.06.
For the week:
The S&P 500 is down 76.76 points, or 2.7%.
The Dow is down 727.23 points, or 3%.
The Nasdaq is down 155.39 points, or 1.8%
The Russell 2000 is down 15.03 points, or 1.2%.
For the year:
The S&P 500 is down 432.98 points, or 13.4%.
The Dow is down 5,023.18 points, or 17.6%.
The Nasdaq is down 477.85 points, or 5.3%
The Russell 2000 is down 454.40 points, or 27.2%.