U.S. stocks open lower after wild ride

NEW YORK, Feb. 7 (Xinhua) -- U.S. stocks opened lower on Wednesday, pulling back from previous day's roller coaster ride.

Shortly after the opening bell, the Dow Jones Industrial Average lost 95.44 points, or 0.38 percent, to 24,817.13. The S&P 500 decreased 9.00 points, or 0.33 percent, to 2,686.14. The Nasdaq Composite Index was down 28.66 points, or 0.40 percent, to 7,087.22.

On Tuesday, the Dow Jones Industrial Average traded in an over-1,100 point range throughout the session. It fell more than 500 points at the open, rebounded shortly afterward to a 1 percent gain and then witnessed wild swings before surging more than 600 points in the late trading day.

At the close, the Dow added 567.02 points, or 2.33 percent, while the S&P 500 and the Nasdaq jumped 1.74 percent and 2.13 percent respectively.

The wild swing on Tuesday followed a steep sell-off which was considered a "flash crash" in the previous session.

Analyst believed that the recent pullback was not linked to economic fundamentals. Instead, it was a healthy market correction that is welcomed and long overdue.

Investors also kept a close eye on key members of the U.S. Federal Reserve. Several officials, including San Francisco Fed President John Williams and Chicago Fed President Charles Evans, are due to deliver separate remarks Wednesday. Enditem