Stocks drift lower on Wall Street; yields continue to ease ...Middle East

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Stocks drift lower on Wall Street; yields continue to ease
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Stocks are drifting lower in afternoon trading on Wall Street Tuesday, giving back some of their big gains from a day earlier. The S&P 500 was down 0.1 per cent after earlier flipping between small gains and losses. A day before, it leaped 2.4per cent for its best performance since June, nearly erasing its entire loss from the week before. The Dow Jones Industrial Average was up 49 points, or 0.2per cent, at 31,584, as of 1:16 p.m. Eastern time, and the Nasdaq composite was 0.7per cent lower. “At some point the market has to stabilize and today it seems to be stabilizing,'' said Mike Zigmont, director of trading and research at Harvest Volatility Management.

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