Gary Poster, with essential assists from Galyn Norwood, Phiroon Phihakendr, Jose Quijada, Pavandeep Kalra. Markets seesaw like rollicking North Atlantic tempest.
Indexes recover bearings after drastic losses.
The Dow, which at one point was down over 200 points, mired in correction mud, closed down just 27.86 at 10,275.32. The Nasdaq, which fell by around 60 points midday, finished down just 5.5 at 2,756.25. But, quite frankly, no one seems to know. Pru's seer, Ralph Acampora, says the Dow has broken key support levels, and that the next test is 10,000. Gillette announced that it was concerned about third quarter revenues, but that earnings were still growing fine.