Stocks Stabilize Following Earlier Weakness

Stocks stabilized following a sharp sell-off Wednesday morning. The Dow turned positive heading into mid-day, though the S&P and Nasdaq indexes remain in negative territory.

After briefly spiking to 27, VIX fell to 22, a move that illustrates the high level of volatility in the market.

Bank stocks were pummeled in the sell-off but recovered from intraday lows. Bank of America (NYSE: BAC) and Citigroup (NYSE: C) and others remain lower on the session, as does Financial Select Sector SPDR ETF (NYSE: XLF).

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