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Wall Street's early rally fades, Nasdaq briefly drops

NEW YORK (Reuters) - Stocks' early rally faded on Tuesday with the Nasdaq briefly dipping into negative territory and investors citing risks to the global economic outlook.

The Dow Jones industrial average <.DJI> was up 25.43 points, or 0.20 percent, at 12,529.91. The Standard & Poor's 500 Index <.SPX> was up 5.75 points, or 0.44 percent, at 1,321.74. The Nasdaq Composite Index <.IXIC> was up 3.69 points, or 0.13 percent, at 2,850.90, after briefly slipping into negative territory.

The Nasdaq touched a session low of 2,843.62, down from Monday's close at 2,847.21.

(Reporting by Edward Krudy; Editing by Jan Paschal)

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