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Stocks erase losses in mid-day trading

UPDATED at 12:20 p.m.:

Stocks have rebounded in mid-day trading, erasing the day's earlier losses.

As of 12:20 p.m., the Dow is up three-tenths of 1 percent.

The broader S&P 500 is up three-tenths of 1 percent and the tech-heavy Nasdaq is up half of 1 percent.

The markets are trying to suss out the winners and losers of the new healthcare legislation, set to be sent to President Obama for his signature later this week. I'll have some more on this later today, so check back.

Stocks down at opening

9:45 a.m.: Stocks are down this morning following last night's passage of historic health-care legislation.

In the first 15 minutes of trading, the Dow is one-tenth of 1 percent.

The broader S&P 500 is three-tenths of 1 percent and the tech-heavy Nasdaq is down two-tenths of 1 percent.

Traders are wary about the costs of the new health-care legislation and the impact on stocks of health-care-related companies.

In other news today, state-controlled Chinese media say Google is on the verge of making good on its threat to pull out of the authoritarian country and called the search giant "a pawn of the government."

Follow me on Twitter at @theticker

By Frank Ahrens  |  March 22, 2010; 12:20 PM ET
Categories:  The Ticker  | Tags: Dow Jones, Google, nasdaq, s&p 500  
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Next: Health-care legislation's economic/business winners and losers

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