Stocks swing wildly; Dow recovers much of a huge loss to end 173 points lower; Bonds soar

Markets Associated Press

Stocks are ending a wild day mostly lower as indexes recover much of an early plunge.

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Investors dumped risky assets Wednesday in heavy trading and parked their money in investments seen as relatively safe, such as U.S. government bonds.

The Dow Jones industrial average plummeted as much as 460 points in afternoon trading, then clawed back much of the ground it lost. It ended down 173 points, or 1.1 percent, at 16,141.

The Standard & Poor's 500 fell 15 points, or 0.8 percent, to 1,862. The Nasdaq fell 11 points, or 0.3 percent, to 4,215.

A late-afternoon recovery erased much of the losses. The S&P 500 and the Nasdaq are now slightly higher for the year.

Bond prices soared. The yield on the 10-year Treasury note fell to 2.15 percent.