Wall Street Struggles Back
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
NEW YORK (AP) – A still skittish Wall Street staged a comeback Thursday, with the Dow Jones industrials erasing a 209-point drop after an upbeat assessment of manufacturing activity eased some worries about a flagging American economy.
The blue chip index nudged into positive territory in midafternoon, rising 5 points to the 12,273 level. Several hours earlier, the broader Standard & Poor’s 500 index made its first foray into the plus column.
Still, the overall market struggled, with declining issues still narrowly ahead of decliners.
