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.
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
.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%.