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