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New York - Wall Street stocks were mixed in early trade on Tuesday, joining European equity markets in stabilising after Monday's rout.
About 35 minutes into trade, the Dow Jones Industrial Average stood at 17 514.14, up 12.49 points (0.07%).
The broad-based S&P 500 edged up 1.33 (0.07%) to 2 021.91, while the tech-rich Nasdaq Composite Index dropped 9.46 (0.20%) to 4 ,643.12.
US stocks fell nearly two percent on Monday, shadowing deeper declines in many European markets on worries about eurozone political stability and tanking oil prices.
Analysts also said the market had been due for a pullback after the S&P 500 jumped more than 6% in a two-week span in December.
Joint venture
All three indices opened solidly higher, but the market gave back some of those gains after US data showed lower factory orders in November and slower growth in the services sector in December.
AOL gained 5.3% after Bloomberg News reported it has been approached by Verizon for a potential acquisition or joint venture.
Car retailer AutoNation rose 0.8% after announcing that December sales rose 12% compared with a year ago.
Coach, a luxury retailer of handbags and other items, added 0.7% on news it will buy Stuart Weitzman Holdings, which makes women's luxury footwear.
Walgreens Boots Alliance advanced 0.7% as December sales at the Walgreens pharmacy chain jumped 10.2%.
Bond prices rose. The yield on the 10-year US Treasury fell to 1.98% from 2.04% on Monday, while the 30-year dropped to 2.55% from 2.60%. Bond yields and prices move inversely.
