US stocks stabilize after plunge; McCormick gains

AP News
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Posted: Oct 02, 2014 9:40 AM

NEW YORK (AP) — U.S. stocks are stabilizing a day after a plunge.

The Dow Jones industrial average was flat at 16,807 as of 9:35 a.m. Eastern time Thursday. The Dow dropped 238 points the day before.

The Standard & Poor's 500 index edged up two points, or 0.1 percent, to 1,948. The Nasdaq composite rose six points, or 0.1 percent, to 4,428.

Energy stocks fell the most as the price of crude oil slid.

Spice maker McCormick rose 2 percent after reporting earnings and revenue that came in ahead of what analysts were expecting.

Constellation Brands fell 3 percent after the wine, liquor and beer company reported results that fell short of what investors were looking for.

U.S. government bond prices fell slightly. The yield on the 10-year Treasury rose to 2.41 percent.