US stocks stabilize at the end of a wild week

AP News
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Posted: Oct 10, 2014 10:06 AM

U.S. markets are stabilizing at the end of a wild week.

The Dow Jones industrial average rose 32 points, or 0.2 percent, to 16,690 as of 10:04 a.m. Eastern time Friday.

The Standard and Poor's 500 index fell a point, or 0.1 percent, to 1,926. The Nasdaq fell 32 points, or 0.8 percent, to 4,345.

The stock market has been swinging sharply this week.

Energy stocks fell again early Friday as the price of oil continued to decline. U.S. crude declined 75 cents to $85.02 a barrel.

Electric car maker Tesla fell 7 percent in early trading as traders seemed disappointed by the company's announcement of a new all-wheel drive car late Thursday.

Bond prices were flat. The yield on the 10-year Treasury note held steady at 2.31 percent.