February 19, 2009 / 3:36 PM / 11 years ago

US STOCKS SNAPSHOT-Wall St cuts gains as economic woes drag

NEW YORK, Feb 19 (Reuters) - U.S. stocks cut gains, with the Dow and Nasdaq briefly turning negative on Thursday, as an earlier bounce fizzled out on persistent worries over the recession-hit economy, fueled by fresh negative data.

* Hewlett-Packard Co (HPQ.N) was the biggest drag on the Dow, falling more than 7 percent, the day after the technology bellwether gave a disappointing outlook.

* The Dow Jones industrial average .DJI added 3.98 points, or 0.05 percent, to 7,559.61. The Standard & Poor's 500 Index .SPX gained 3.22 points, or 0.41 percent, to 791.64. The Nasdaq Composite Index .IXIC inched up 0.77 points, or 0.05 percent, at 1,468.74. Earlier the Nasdaq and S&P 500 had both risen by more than 1 percent. (Reporting by Leah Schnurr; Editing by James Dalgleish)

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