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NEW YORK (AP) -- Stocks recovered most of their earlier losses as volatility returned to Wall Street Thursday after two days of solid gains.
The S&P 500 fell 0.1% after slumping as much as 1.5% in early trading. The Dow Jones Industrial Average shed 108 points, or 0.2% as of 3:17 p.m. Eastern. The Nasdaq composite fell 0.1%. Stocks in Europe and Asia finished lower.
Oil prices remained elevated although down from earlier highs. The price for a barrel of U.S. crude rose close to $114 a barrel at one point.
The unsettled trading follows a national address late Wednesday from President Donald Trump, where he vowed the U.S. will continue to attack Iran and failed to offer a clear timetable for ending the conflict in the Middle East. Those comments appeared to dim the hopes for a near-term conclusion to the war that had pushed stocks higher through most of the week.