Summary Box: Stocks mostly fall after wild swings

AP News
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Posted: Aug 05, 2011 4:48 PM
Summary Box: Stocks mostly fall after wild swings

THE SWINGS: Stocks zigzagged between big gains and losses on Friday. The Dow Jones industrial average traded in a huge range of more than 400 points. Investors were trying to regain their footing after a day in which the Dow plunged more than 500 points, its biggest loss since 2008.

THE HOPE: Markets rallied early after the government said hiring picked up in July. The rally lasted less than 25 minutes.

THE TROUBLE: Markets are seesawing as traders adjust their expectations after Thursday's plunge. Traders are watching closely as European leaders try to contain the debt crisis there and prevent a default by Italy or Spain. Some fear the EU can't afford to prop up those nations.