The roller-coaster ride on Wall Street resumed on Wednesday, the first trading day of the new year, as stocks plunged early on, then slowly recovered and finished with a slight gain.

Nigerian Stock Exchange

The Dow Jones industrial average dropped as much as 398 points in the first few minutes of trading after more shaky economic news from China. But it gradually recouped those losses, and a small rally over the last 15 minutes of trading left major indexes a bit higher than where they started.

A Chinese government survey and one by a major business magazine showed manufacturing in China weakened in December as global and domestic demand cooled. That weighed on big exporters, with tech companies like Microsoft and industrials like Boeing taking sharp losses early on, only to bounce back.

 

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