Stocks pulled sharply on Thursday: delivered one of the
worst days to investors
Stocks pulled sharply, completely erasing a rally from the prior session in a stunning reversal that delivered
investors one of the worst days.
The Dow Jones Industrial Average lost
1,063 points, or 3.12%, to close at 32,997.97.
The tech-heavy Nasdaq Composite fell
4.99% to finish at 12,317.69, its
lowest closing level since November 2020.
The S&P 500 fell
3.56% to 4,146.87,
marking its second worst day of the year.
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When the Dow surged 932 points, or
2.81%, and the S&P 500 gained 2.99%
for their biggest gains since 2020.
The Nasdaq Composite jumped
3.19%
.Those gains had all been erased before noon in New York on Thursday.
Large tech stocks were under pressure, with Facebook-parent Meta Platforms and Amazon falling nearly
6.8% and 7.6%.