US stocks open mixed, stabilizing a day after a plunge

AP News
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Posted: Jan 14, 2016 9:43 AM
US stocks open mixed, stabilizing a day after a plunge

U.S. stocks are mixed in the early going as the market stabilizes following its worst drop since September.

JPMorgan Chase rose 1 percent Thursday after the bank reported earnings that were better than analysts expected. Other bank stocks also gained.

The Dow Jones industrial average was flat at 16,148 as of 9:35 a.m. Eastern time.

The Standard & Poor's 500 index was little changed at 1,890. The Nasdaq edged down 13 points, or 0.1 percent, to 4,512.

The relatively quiet trading came a day after the S&P 500 index slumped 2.5 percent, putting it 10 percent below its peak in November.

A drop that big is referred to as a "correction" on Wall Street. The last time the market had one was last August.