US STOCKS-Wall St pares losses as Apple rebounds
* Chinese market falls 8 percent
* At one point, Dow down more than 1,000 pts
* Apple up 1.5 pct after falling as much as 13 pct
* Indexes down: S&P 1.42 pct, Nasdaq 0.77 pct, Dow 1.35 pct (Adds details, changes comment, updates prices)
By Tanya Agrawal
Aug 24 (Reuters) - U.S. stocks staged a dramatic recovery off their lows on Monday, helped by a turnaround in Apple's shares, but the three main indexes remained in or within spitting distance of correction territory amid fears China's growth is slowing.
The Dow Jones industrial average - which fell into the correction zone on Friday - briefly slumped more than 1,000 points, its biggest point-drop ever. At midday, the Dow was down about 243 points or 1.48 percent as bargain hunters stepped in.
The Dow has never lost more than 800 points in a day.
"The U.S. fundamentals are strong and just as confidence can go away, it can come back pretty quickly if the fundamentals are sound," said Brad McMillan, chief investment officer for Commonwealth Financial Network in New York. Continuación...