The Dow Jones Industrial Average pared sharp gains in volatile trade Friday as stocks tried to regain their footing following a steep sell-off this week.

The 30-stock index traded 140 points higher after rising 414 points at its session highs.The Dow briefly turned negative in midday trading before bouncing back. The S&P 500 also gave back most of its gains. As of 2:55 p.m. ET, it was up 0.8 percent after surging more than 1 percent. The Nasdaq Composite pared most of its gains as well, trading 1.3 percent after jumping more than 2 percent.

“I don’t see evidence of what you’d like to see in a bottom,” said Willie Delwiche, investment strategist at Baird. He noted markets tend to bottom after more signs of capitulation and widespread panic, which we haven’t seen thus far.

Gains in tech shares like Netflix and Amazon initially led the major indexes to sharp gains. Netflix gained 4.3 percent, while Amazon climbed 2.6 percent.

Sentiment overseas also helped at the start of the day as international markets rose. The Shanghai Composite surged 0.9 percent and Japan’s Nikkei 225 gained 0.5 percent. European equities also rose initially before closing lower on the day.