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{{ad('main')}} - Stocks staged a recovery and then rolled over in the final hour of trading on Wednesday, a day after a sharp selloff wiped out gains for the year.
- Energy stocks, which have recently fallen into a bear market, led the S&P 500 rally.
- Follow the US indexes in real time here.
Stocks rose Wednesday as oil prices steadied, a day after energy and mega-cap technology companies led a sell-off that wiped out Wall Street's gains for the year. But in the final hour of trading, the Dow Jones Industrial Average erased a 200-point gain, closing down 1.43 points, or 0.01%. The Nasdaq Composite finished up 0.92%, or 63 points, and the S&P 500 closed up 0.31%, or 8 points. After wiping out more than $1 trillion in market value from recent highs through Tuesday, all eyes were on the biggest technology companies. The FANG Index rose as much as 1.3%, led by a jump in Facebook shares. Amazon (+1.4%) and Google parent Alphabet (+1.91%) gained, while Apple (-0.1%) and Netflix (-1.82%) fell, Oil prices were higher following two sessions of sharp losses, rallying before paring gains after the US reported a build in crude inventories for a ninth straight week. Both rising about 2%, West Texas Intermediate was trading around $54.44 per barrel and Brent around $63.32. Energy stocks jumped on the rebound. Crude prices are still in bear territory, having hit their lowest levels in more than a year on Tuesday, as investors worry about the prospect of oversupply. Treasury yields ticked higher, and the dollar fell 0.1% against a basket of currencies, as solid housing data rolled in. Breaking a six-month streak of losses, the National Association of Realtors said existing-home sales in the US rose 1.4% in October to a seasonally-adjusted rate of 5.22 million units. "Activity has been depressed, relative to the path implied by mortgage applications, by hurricanes Florence and Michael, but we're expecting a rebound over the next couple of months," Pantheon Macroeconomics chief economist Ian Sheperdson said in an email. Meanwhile, the Commerce Department said new orders for key capital goods made in the US were unexpectedly unchanged last month and that shipments were slightly higher. Economists polled by Reuters estimated core capital goods orders rose by 0.2% in October. Wall Street's rise came after global markets steadied overnight. Across the Atlantic, the Stoxx Europe 600 rose 0.56%. Markets in Asia were mixed, with the Shanghai Composite up 0.21% and the Nikkei Index down 0.35%. SEE ALSO: Bank of America: Market chaos will double over the next 3 years — here are some strategies to help investors stay afloat | 
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