U.S. stocks ended little changed on Thursday, with the Dow industrials recouping much of a 206-point deficit, as investors balanced worries about global growth against mostly better-than-expected U.S. earnings and economic reports.
"The market is not trading off of fundamental news, it is trading off worries, whether it's the importing of weak economic growth or Ebola," said Mark Luschini, chief investment strategist at Janney Montgomery Scott.
"Volatility has reared its ugly head again, but we had nothing for the better part of 16 to 18 months. When you have nothing and go to something, its seems magnified, it's much more pronounced," said Chip Cobb, portfolio manager at BMT Asset Management.
After jumping as high as 29.41, the CBOE Volatility Index, a measure of investor uncertainty was lately down 2.1 percent at 25.70.
"We do all have short-term memories and really have never gotten away from 2008 and 2009. Even though the market was up double digits last year, and started off well this year, there hasn't been a time in the last six years where people have had really strong convictions about this bull market," said Cobb.