Stocks recouped early losses Monday as a rebound in big technology stocks calmed investors, who worried about growing tensions between the U.S. and China.
The Dow Jones industrial average was virtually unchanged after briefly dropping more than 360 points. The blue-chip average edged up 0.1% to close at 23,749.76. The Standard & Poor’s 500 eked out a gain of 0.2% to end at 2,842.74. The broad index flipped between small gains and losses for much of the day, as steep declines in energy stocks were offset by gains in technology companies.
Tech firms rebounded after sharp losses in the sector brought U.S. markets down at the end of last week. Microsoft, the biggest company in the S&P 500 index, rose about 2.5%. Tech companies make up roughly a quarter of the index by market value,