U.S. stocks closed down on Wednesday but recovered significantly from historic intraday losses amid concerns about Europe, Ebola and the economy.
The Russell 2000 and transports turned positive as stocks came off lows in the last half hour before the close. S&P 400 midcaps also traded higher, and the Nasdaq traded briefly in the green.
On the New York Mercantile Exchange, crude oil futures shaved gains to settle down 6 cents at $81.78 a barrel—nearly a 4-year low—with gold shaving gains to settle $10.50 higher at $1,242 an ounce. Stocks lost nearly 3 percent during the day but recovered in the close. Despite ending the day positive, small- and mid-cap stocks remained in correction territory.
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