U.S. stocks struggled for direction Friday as a pledge from global officials to maintain financial stability failed to alleviate investor anxiety over a possible Greek default and the domestic economy potentially spiraling into another recession.

The Dow Jones Industrial Average recently rose 17 points, or 0.2%, to 10751, after earlier dropping as much as 95 points. The index plunged 675 points in the last two sessions and is down about 7% this week, on pace for its worst weekly performance since the financial crisis.

The Dow is also down about 16% from its April high, inching closer ... Read More