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Stocks curb losses in wild ride, c rude tumbles again

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Jim Chesko reporting...

A volatile day on Wall Street, with the major indexes falling sharply early in the session, but recovering pretty much all of those losses by the closing bell.


The Dow Industrials, down about 590 points early on, finished just 22 points lower. Meanwhile, the Nasdaq Composite ended with a gain of 29 points and the S&P 500 edged up 2 points.

Shares of Lyft are surging in after-hours trading.  The ride-hailing company reported a much smaller-than-expected loss for the latest quarter as well as much better-than-expected revenue.  The company also said it might break even sooner than it previously predicted.

Ongoing worries about the trade war coupled with news of a surprise buildup in crude stockpiles sparked a sharp selloff in oil futures today. September crude tumbled 4.7% to settle at $51.09 a barrel.

U.S. inventories of crude oil unexpectedly increased by 2.4 million barrels last week, prompting concerns that demand for oil and gas is weakening.