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Inside the Market

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At noon: Dow, TSX crawl back Add to ...

After a shaky start to the day on Wednesday, North American stocks made an impressive rebound by midday, putting them near the break-even point.

At noon, the Dow Jones industrial average was down 17 points or 0.2 per cent, to 11,330 - after being down as much as 90 points earlier in the day. The broader S&P 500 was flat, at 1214.

Commodity stocks were part of the rebound, with energy stocks leading the way in the S&P 500 , with gains of 0.8 per cent. Materials rose 0.3 per cent, while consumer discretionary stocks and financials rose 0.4 per cent each.

Meanwhile, defensive stocks were a significant drag on the index. Telecom services, utilities and health care stocks fell 0.6 per cent each. Consumer staples fell 0.5 per cent.

In Canada, the S&P/TSX composite index was down 9 points or 0.1 per cent, to 12,907. It had be down as much as 130 points earlier.

Information technology stocks jumped 2.6 per cent after Research In Motion Ltd. surged on news that it will sell its tablet computer at $500 - offering a competitive threat to Apple Inc.'s iPad.

Materials and telecom services rose 0.5 per cent each. However, financials dipped 0.6 per cent and energy stocks fell 0.3 per cent.

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