Stocks cut losses on materials, Apple
Wall Street pared losses on Thursday as materials and healthcare sectors edged off session lows and worries eased about the strength of an economic recovery.
* Initially, indexes slid more than 1 percent, a drop compounded by worries over Greece's debt problems. The market's retracement coincided with a CNBC report of a rumor about a possible Apple Inc share split.
* The Dow Jones industrial average <.DJI> was down 96.66 points, or 0.93 percent, at 10,277.50. The Standard & Poor's 500 Index <.SPX> was down 7.97 points, or 0.72 percent, at 1,097.27. The Nasdaq Composite Index <.IXIC> was down 13.65 points, or 0.61 percent, at 2,222.25.
(Reporting by Ellis Mnyandu; editing by Jeffrey Benkoe)
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