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But a rally in the last hour of trading brought most indexes back to nearly where they closed on Friday.
Bank stocks rose more than 4 percent by the close of the trading session, backtracking on the steep losses incurred on Monday that helped send the main stock indexes back into negative territory for the year.
But around noon, market sentiment seemed to recover, driving the indexes back up toward positive territory.
Tech shares are pushing U.S. benchmark indexes back into positive territory today — one day after the year's stock market gains were completely wiped out.
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That takes the index back to where it was in mid-January.
He has compiled this index back to the mid-1970s, and found it to have an impressive record in predicting the market's subsequent 12-month return.
Further weakness in sterling - down 0.17% at $1.2140 after a Northern Ireland court rejected a Brexit challenge - has helped pull the leading index back from its worst levels.
That essentially put the index back to where it was after policy makers decided in early August to keep rates unchanged.
Still, it would take 10 more weeks of similar advances just to get the index back to where it began 2008.
Water companies and miners are in demand at the moment, helping push the leading index back above the key 6000 level.
The banks were down as a group on the day, while the miners and the oil companies pulled the index back up.
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