The Dow industrials just erased 945 points of gains intraday Tuesday in the last hour as stock-market gains crumble - MarketWatch

U.S. stock gauges lost altitude in late-morning Tuesday action, with the Dow pulling back from a 945-point gain and other benchmarks retreating sharply over the past hour of trade. The major benchmarks are coming off their worst one-day loss since the 2008 financial crisis and had opened solidly higher, as investors attempt to stage a rebound from a selloff inspired by crashing crude-oil prices and intensifying fears of COVID-19. At last, the Dow Jones Industrial Average DJIA, +1.03% was down 58 points, or 0.2%, at 23,820, after jumping by as many as 945 points earlier, a gain of 3.9% at its Tuesday peak. Meanwhile, the S&P 500 index SPX, +1.31% was off less than 0.1% at 2,745 and the Nasdaq Composite Index COMP, +1.59% was up 0.2% at 7,962, after both opened sharply higher to start the session.

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2020-03-10 15:31:02Z
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