Stock plunge leaves S&P 500, Dow negative for 2018; Nasdaq in correction territory

Stock plunge leaves S&P 500, Dow negative for 2018; Nasdaq in correction territory

A sharp stock market selloff accelerated into the closing bell Wednesday, erasing year-to-date gains for the S&P 500 and the Dow Jones Industrial Average, while the Nasdaq Composite finished in correction territory. The Dow DJIA, -2.41% dropped by around 608 points, or 2.4%, to finish near 24,583, according to preliminary figures, while the S&P 500 SPX, -3.09% plunged 3.1% to around 2,656. The losses left the S&P 500 down around 0.7% and the Dow off around 0.6% for 2018. The Nasdaq COMP, -4.43% dropped 4.4%, leaving it 12.6% below its August high. A correction is often defined as a pullback of at least 10%.

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