An afternoon downdraft for U.S. equities on Wednesday wiped out the Dow Jones Industrial Average’s 2018 gains. The Dow was most recently down 316 points, or 1.3%, enough to put it down 0.1% for the first three months of 2018, according to FactSet data. The slide in the Dow came as Boeing Co.’s shares , one of the most influential Dow component’s, were convulsing lower. Meanwhile, the S&P 500 index was off a more subdued 0.6% at 2,748, while the Nasdaq Composite Index was down 0.4%. The S&P 500 boasts a year-to-date gain of 2.8%, while the Nasdaq is on pace for a 2018 return of 8.3%.
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