After an early slide, US stocks end mostly higher

AP News
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Posted: Oct 16, 2014 4:13 PM
After an early slide, US stocks end mostly higher

U.S. stocks are ending mostly higher after recovering from an early plunge.

Energy companies rose the most after the price of crude oil turned higher.

The Dow Jones industrial average edged down 24 points, or 0.2 percent, to 16,117 Thursday. It was down as much as 206 points in early trading.

Broader indexes fared better.

The Standard & Poor's 500 edged up a fraction of a point to 1,862. The Nasdaq composite gained two points to 4,217.

Netflix plunged 19 percent after the company's subscriber growth fell short of its own forecasts following a rate increase.

The price of oil recovered slightly after three days of declines.

Benchmark U.S. crude rose 92 cents to close at $82.70 a barrel. It's still down 4 percent for the week.