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Wall Street stocks recovered from
losses stemming from government data showing a slowdown in the US economic recovery. The Dow Jones Industrial Average dipped 1.22 points (0.01 percent) to
10,465.94 in final trades after criss-crossing positive and negative territories. The blue chip index fell one percent immediately after the Commerce
Department reported that US economic growth declined to 2.4 percent in the second quarter from a upwardly revised 3.7 percent in the first three months
of the year. But it erased nearly all the losses at the closing bell after separate economic reports showed better-than-expected readings of consumer sentiment
and Chicago-area business activity.
The tech-rich Nasdaq composite index rose 3.01 points (0.13 percent) to 2,254.70 while the broader S&P 500 index gained 0.07 point (0.01 percent) at 1,101.60.
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