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VOL. 38 | NO. 33 | Friday, August 15, 2014
Stocks overcome a midday tumble on Ukraine
NEW YORK (AP) — The stock market recovered from a midday swoon caused by the latest worries over Ukraine and ended little changed.
The Standard & Poor's 500 index ended pretty much where it started the day on Friday, at 1,955 points, down a fraction of a point.
The Dow Jones industrial average lost 50 points, or 0.3 percent, to 16,662. It was down 138 earlier.
The Nasdaq composite rose 11 points, or 0.3 percent, to 4,463.
The Ukrainian president said his military destroyed most of a Russian military convoy that entered his country. Russia denied it.
Bond prices soared, sending the yield on the 10-year Treasury to its lowest of the year.
In late trading the yield was 2.34 percent, from 2.40 percent late Thursday. It went as low as 2.30 percent.