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BREAKING NEWS! Dow Logs 830-Point Loss and Suffers Worst Day in 8 Months; Nasdaq Sees Ugliest Day in More Than 2 Years

  
Source: MarketWatch

The Dow Jones Industrial Average on Wednesday marked its worst day since February, with a decline of more than 800 points that highlights the market's fragile state as bond rates rise.

The Dow DJIA, -3.15% finished the session down nearly 828 points, or 3.1%, at 25,600. representing its worst single-session loss since Feb. 8, when the market tumbled into correction territory, defined as a 10% drop from a recent peak. But it was the Nasdaq Composite Index COMP, -4.08% known for its technology and internet-related constituents, that took it squarely on the chin. The index tumbled 316 points, or 4.1%, marking its ugliest session since June 24 of 2016, according to FactSet data.

The S&P 500 index SPX, -3.29% tumbled 3.3%, notching its steepest one-session slide since early February. All 11 of the S&P 500's sectors finished the session squarely in the red, led by declines of at least 3% in commmunications services, energy, and consumer discretionary.

The S&P 500's tech sector ended down 4.8%. Shares of Aamazon.com Inc. AMZN, -0.87% finished the day down a whopping 6.2%, representing its worst one-day loss since 2016.


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