After the Dow Jones industrial average plunged 465 points at the start of the session, it rebounded and was down about 120 points in mid-afternoon trading in New York.

On the Business Journal’s index of the 200 largest local public companies, 104 were down and 71 were up.

Dropping the most was biopharmaceutical products developer CytRx Corp., whose stock swooned close to 22 percent by mid-afternoon in New York. (

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.) Live Nation Inc. of Beverly Hills was down more than 8 percent to $9.98.

On the upswing were some local companies in need of some good news. Local homebuilders, lenders and banks surged. (

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.) Rancho Cucamonga-based bank PFF Bancorp, which has lost 37 percent so far this year, shot up 12 percent to $8.99 while beleaguered lender Countrywide Financial Corp. was up 6.7 percent to $5.29.