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US stocks erase most of an early swoon

Tuesday - 6/11/2013, 12:26pm  ET

Traders Kevin Lodewick, left, and Fred DeMarco work on the floor of the New York Stock Exchange Tuesday, June 11, 2013. Stocks are falling in early trading on Wall Street, following global markets lower after the Bank of Japan declined to take further action to shore up that country's financial system. (AP Photo/Richard Drew)

NEW YORK (AP) -- Wall Street is recovering nearly all of an early loss as traders shrug off a rout in overseas markets.

The Dow Jones industrial average was down a fraction of a point at 15,238 shortly before noon Eastern Daylight Time Tuesday.

The Dow was down as much as 152 points in early trading following declines in Japan and Europe, then recovered throughout the morning.

The Standard & Poor's 500 index was down three points at 1,639 and the Nasdaq composite was down nine points to 3,463.

The Japanese stock market fell 1.5 percent after that country's central bank didn't take any new measures to stabilize the market for Japanese government bonds. European markets also fell.

Lululemon fell 17 percent after the maker of yoga clothing said its CEO was leaving.


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