U.S. stocks pared declines in afternoon trading and the Nasdaq Composite Index erased a drop as health-care shares rallied, amid a renewed selloff across stocks worldwide as skepticism about the strength of the global economy intensified.
The Nasdaq Composite advanced 0.7 percent after earlier sliding 3.7 percent. The Standard & Poor’s 500 Index slipped 0.4 percent to 1,873.22 at 3:31 p.m. in New York, trimming a slide of more than 3.6 percent. Trading in S&P 500 companies was 82 percent above the 30-day average for this time of day.
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