OffbeatThe Dow just slashed a 785-point plunge, marking its most stunning reversal since March

08:41  07 december  2018
08:41  07 december  2018 Source:   marketwatch.com

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The Dow also closed near its lows of the day. The S&P 500 dropped 3.3 percent to 2, 785 .68, with the tech Both the Dow and S&P 500 posted their biggest one-day drops since early February, while the Nasdaq But "there are just too many concerns about the rise in input costs," said Art Hogan, chief

The slash is an oblique slanting line punctuation mark . Once used to mark periods and commas, the slash is now most often used to represent exclusive or inclusive or, division and fractions

The Dow just slashed a 785-point plunge, marking its most stunning reversal since March© Reuters Think of it as a turnaround Thursday. The Dow Jones Industrial Average staged an epic intraday rally that wiped out 705 points of losses to cap a wild session.

The reversal was the blue-chip index’s most stunning — between the Dow’s (DJIA)11:30 a.m. Eastern Time intraday nadir at 24,242, off 785 points, to its eventual close, off just 79.40 points lower, or 0.3% — since April 4, according to Dow Jones Market Data.

The Dow just slashed a 785-point plunge, marking its most stunning reversal since March

The embattled Nasdaq Composite Index (COMP) recorded a similarly massive rebound, ending Thursday with a respectable advance, up 0.4%, after sinking as much as 2.4%, or 174 points. It was also the technology-laden’s benchmark’s widest swing from an intraday peak to trough since early April.

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Even though the Dow had what many outlets would suggest was a terrible day, the 274- point " plunge " amounted As the Dow 's value increases, its intraday swings higher and lower would be expected to increase More importantly, only companies with time-tested business models tend to pay dividends

The Dow Jones industrial average marked its biggest single-day point drop on Monday afternoon, plunging nearly 1,600 points during trading hours before recovering to close down 1,175. Officially the Dow fell 1,597, a 6.26 percent drop. But the index of 30 large U.S. companies was recovering some

The stomach-churning gyrations have become more commonplace in stocks, but Thursday’s move may leave more questions about whether equity benchmarks have put in a bottom after the day’s declines briefly erased the year-to-date gains from the S&P 500 index (SPX) and the Dow.

Early-session declines were attributed to news of the Dec. 1 arrest of Chinese telecommunications giant Huawei Technologies CFO Meng Wanzhou, which was seen as fresh sign of the intensification of tariff clashes between Beijing and Washington.

However, markets appeared to pare throughout the latter part of the session, with news from the Wall Street Journal perhaps providing some solace to bulls. The report indicated that the Federal Reserve were becoming less assured of its intent to aggressively increase interest rates. The Federal Open Market Committee is slated to convene at a Dec. 18-19 meeting, where it is expected to lift interest rates a fourth time in 2018.

Read:Fed still likely to raise interest rates in December, economists say — even as stock market gyrates

Worries that the Fed’s monetary policy is hurting the economy and the market, combined with fears about the impact of worsening relations between the U.S. and China, have been among the most significant sources of anxiety for Wall Street investors this year.

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