Dow Cuts Losses as Anxieties Ease

Stocks recovered some of their earlier session declines Friday as Deutsche Bank shares pared back some losses.

The Dow Jones Industrials clambered its way into the green 36.69 points to 32,141.94.

The S&P 500 poked higher 1.41 points to 3,950.13.

The NASDAQ Composite fell 14.95 points to 11,772.44.

Deutsche Bank’s U.S.-listed shares slid about 2.6% after the the German lender’s credit default swaps jumped, but without an apparent catalyst. The move appeared to raise concerns once again over the health of the European banking industry. Earlier this month, Swiss regulators forced a UBS acquisition of rival Credit Suisse. Deutsche Bank shares traded off their worst levels of the session, which caused major U.S. indexes to also cut their losses.

Shares of major U.S. banks were under pressure. Citigroup and Bank of America shares fell more than 2%. JPMorgan Chase and Wells Fargo shares fell more than 1% each.

For the week, the Dow and S&P 500 are slightly higher, while the NASDAQ has gained roughly 0.9%.

Prices for the 10-year Treasury gained a marginal amount of ground, lowering yields to 3.39% from Thursday’s 3.40%. Treasury prices and yields move in opposite directions.

Oil prices sagged 82 cents to $69.14 U.S. a barrel.

Gold prices gave up $2.30 to $1,993.60 U.S. an ounce.