Stocks wobble, then recover after Chinese currency weakens

Another weakening of China's currency sent U.S. markets sharply lower, but indexes recovered nearly all the ground they lost by the end of the day.

Major U.S. indexes closed little changed from the day before. The Dow Jones industrial average had been down 277 points earlier Wednesday.

The Dow closed down just a fraction of a point to 17,402.

The Standard & Poor's 500 index rose almost two points, or 0.1 percent, to 2,086.

The Nasdaq composite wound up with a gain of seven points, or 0.2 percent, at 5,044.

Bond prices gave up early gains and ended slightly lower. The yield on the 10-year Treasury note rose to 2.15 percent.