NEW YORK - U.S. equity markets battled back from steep losses early Thursday to close with modest gains after losing some steam in the final minutes of trading.
The Dow Jones Industrial Average rose 189 points, reversing a drop of 721 points, or 3.6 percent, shortly after the open. The S&P 500 also posted modest gains.
Boeing remained a drag, closing down 4 percent on reports the airplane maker is considering cutting its dividend. RELATED: CoronavirusNOW.com, FOX launches national hub for COVID-19 news and updates. The Nasdaq composite turned in a stronger rally, rising over 2 percent as investors gravitated back into big tech.