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Stocks dip after another earthquake hits Japan

Stocks are ending the day with small losses after a 7.4-magnitude earthquake struck Japan.

The Dow Jones industrial average fell as many as 96 points in morning trading, but recovered most of its losses after a tsunami warning was lifted.

The Dow fell 17.26 points, or 0.1 percent, to 12,409.49 The Standard & Poor’s 500 fell 2.03, or 0.2 percent, to 1,333.51. The Nasdaq composite fell 3.68, or 0.1 percent, to 2,796.14.

The quake rattled investors, partly since it struck near the same area as the massive earthquake that triggered devastating tsunami on March 11. Stock indexes pared their losses after the impact of the latest quake appeared to be less than initially feared.

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