U.S. Stocks Recover After Steep Drop

Stocks crash
A trader works at his terminal on the floor of the New York Stock Exchange in New York October 15, 2014. Lucas Jackson/Reuters

(Reuters) - U.S. stocks fell on Wednesday on continued worries about the global economy, but managed to close well above session lows that briefly pushed the S&P 500 and Nasdaq into negative territory for the year.

The Dow Jones industrial average .DJI fell 173.45 points, or 1.06 percent, to 16,141.74, the S&P 500 .SPX lost 15.22 points, or 0.81 percent, to 1,862.48 and the Nasdaq Composite .IXIC dropped 11.85 points, or 0.28 percent, to 4,215.32.