The Dow Jones Industrial Average sharp tumble in Monday trade has helped to erase its year-to-date gain, pushing the blue-chip indicator negative for 2018. The Dow was recently off about 434 points, or 1.8%, at 24,510, for a decline in the first three months of the year of about 0.8%. Any close above 24,719.22, the average’s close for 2017, according to FactSet data, would push it into positive territory. The S&P 500 index, meanwhile, was off 1.9% at 2,699, while the Nasdaq Composite Index was 2.4% lower at 7,301. All three benchmarks were being weighed by selling in technology shares, amid a data scandal tied to how Facebook Inc. has managed user information during the 2016 presidential campaign and election. The S&P 500 and the Nasdaq are both positive for the year, with the S&P 500 up 1% so far this year and the Nasdaq boasting a return of 5.8%.
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From:: Stock Market News