NEW YORK (May 23, 2013)—Stocks fell immediately after the opening bell Thursday after a global slump prompted in part by an unexpectedly weak report on manufacturing in China.
Concern that the Federal Reserve might ease back on its economic stimulus program sooner than expected also riled investors.
The market recovered much of the losses as investors considered those fears overblown, however.
The Dow Jones industrial average fell a fraction or 13 points to close at 15,295 Thursday.
The Standard & Poor's 500 fell 5 points to 1,651, or 0.3 percent.
The Nasdaq composite fell 4 points to 3,459, or 0.1 percent.
Declining stocks outnumbered advancers on the New York Stock Exchange where volume was above average at 3.83 billion shares.