US STOCKS-Wall St ends near flat after late-day rally

miércoles 12 de agosto de 2015 16:39 GYT

* Energy shares rally after sharp selloff; Apple also rebounds

* Financials weigh as China news clouds U.S. rate hike timing

* Alibaba falls to record low as revenue growth slows

* Indexes: Dow flat, S&P up 0.1 pct, Nasdaq up 0.2 pct (Updates to close)

By Caroline Valetkevitch

Aug 12 (Reuters) - U.S. stocks rebounded in afternoon trading on Wednesday to end little changed as energy shares and Apple rebounded, offseting continued concerns about a slowdown in China.

Investors picked up shares of energy companies, which have been hit hard by the China concerns along with other commodities in recent weeks, as oil prices bounced back. The S&P energy index rose 1.9 percent, the S&P 500's biggest positive.

Apple, for which China is a key market, also reversed course after falling more than 3 percent earlier to its lowest since January. It ended up 1.5 percent at $115.24 and was the biggest positive factor for all three major indexes.

Stocks had been down sharply early in the session after the yuan hit a four-year low, falling for a second day after Chinese authorities devalued the currency. The move has exacerbated worries about the outlook for China's economy and its impact on the rest of the world.   Continuación...