Stocks fluctuate as traders sit tight

|By:, SA News Editor

Stocks finished with small losses after a choppy session, rebounding from early weakness after the the ISM services sector survey and the ADP private-sector jobs report but failing to follow through the previous day's gains.

Trading today was lighter than in recent tumultuous sessions, as investors try to digest what they've seen in the past two weeks.

Meanwhile, strong earnings growth could help push stocks higher when the turmoil over emerging markets settles; the S&P 500 is on pace for 8% Y/Y earnings growth, better than expectations and the biggest rise since Q4 2011.

The dollar declined against major currencies, and the yield on the benchmark 10-year Treasury rose 4.5 bps to 2.671%.