(Bloomberg) -- U.S. stocks showed some signs of stabilizing Wednesday, though it took a rally in the world's most valuable company to prevent deeper losses. Apple Inc. surged 3.5 percent to a five-month high, adding 2.41 points to the S&P 500 Index. The benchmark for American equity closed lower by 1.25 points, or 0.1 percent, after erasing morning gains when a selloff in energy shares spread to the broader market.
To contact the reporter on this story: John Hyland in New York at jhyland22@bloomberg.net.
To contact the editors responsible for this story: Bill Austin at billaustin@bloomberg.net, Jeremy Herron
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
