Dow erases all of 2018's stellar gains goes negative for year in stock market rout
Published: Feb 5, 2018 3:26 p.m. ET
The Dow Jones Industrial Average wiped out all of its year-to-date gains for 2018 as the stock market unraveled on fears of rising bond yields. The Dow DJIA, -3.04% shed 1,500 points at its low and was recently off 1,055 points, or more than 4%. That intraday move erased all of its gains, pushing it negative, down 1% for 2018 after boasting a return of nearly 6% at the end of January. The Dow was down 838 points, or 3.3%, at 24,695, while the S&P 500 index SPX, -2.42% was off 2.7% at 2,688. The broad-market benchmark was still up 0.6% for the year, but had erased much of its more than 5% gain in January. The Nasdaq Composite Index COMP, -1.99% was off 2.1% at 7,088, retaining a 2.7% return.
https://www.marketwatch.com/story/dow-erases-all-of-2018s-stellar-gains-goes-negative-for-year-in-stock-market-rout-2018-02-05
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