Dow erases skid to session lows in afternoon trade to turn slightly positive in a matter of minutes

The Dow Jones Industrial DJIA, +0.39% turned positive on Thursday afternoon, in volatile trade that had seen the blue-chip index stumble to its low of the session. The Dow was up 0.1%, or 30 points, at 25,505 and had been down by as many as 140 points at its nadir, following a report from The Wall Street Journal that the European Central Bank was readying a package of stimulus measures at its next policy meeting in September that should exceed investors’ expectations, according to one ECB official on its rate-setting committee. The 10-year Treasury note TMUBMUSD10Y, -3.36% briefly yielded 1.48%, representing a fresh three-year low for the benchmark bond. The S&P 500 index SPX, +0.25% also was bouncing modestly higher at 2,841, while the Nasdaq Composite Index COMP, -0.09% was down 0.3% lower but off its lows of the session. August is a seasonally volatile time for U.S. stock markets because it usually is accompanied by low volumes as traders go on vacation.

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