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US stock market steadies itself after worst week since 2012
NEW YORK, N.Y. – U.S. stocks are stabilizing after their worst week in more than two years.
The Dow Jones industrial average edged up one point to 16,546 in early trading Monday.
The Standard & Poor’s 500 index also rose a point to 1,907. The Nasdaq composite rose seven points to 4,284.
European stock markets also rose. China released trade figures Monday that showed a pickup in export growth and imports last month.
U.S. stocks swung wildly last week and ended lower because of renewed fears of a slowdown in European economies. The S&P 500 fell 3.1 per cent, its worst weekly performance since a 4.3 per cent decline in May 2012.
J.C. Penney rose 5 per cent Monday after it named a Home Depot executive as its next CEO.
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