Wall St ends near flat after late-day rally

US stocks rebounded in afternoon trading on Wednesday to end little changed as energy shares and Apple bounced back, offseting continued concerns about a slowdown in China. The S&P energy index climbed 1.9 per cent. Apple, for which China is a key market, also reversed course after falling more than 3 per cent earlier to its lowest since January. It ended up 1.5 per cent at $115.24 and was the biggest positive factor for all three major indexes. The Dow Jones industrial average fell 0.33 points to 17,402.51, the S&P 500 gained 1.98 points, or 0.1 per cent, to 2,086.05 and the Nasdaq Composite added 7.60 points, or 0.15 per cent, to 5,044.39. The CBOE Volatility index jumped 18.7 per cent to 16.28. Alibaba was down 5.1 per cent at $73.38. Yahoo fell 4.3 per cent to $34.49. Macy's fell 5.1 per cent to $64.11. After the bell, shares of Cisco Systems rose 3.7 per cent. About 8.2 billion shares changed hands on US exchanges, above the 7.0 billion daily average so far this month, according to BATS Global Markets, according to Reuters.

-SRS