The Dow Jones Industrial Average and the S&P 500 on Wednesday just relinquished their biggest point leads in about three years. The Dow boasted an intraday advance of about 381 points, but ended the volatile session off 19 points, or less than 0.1%, at 24,893, representing its biggest reversal from a peak intraday since Aug. 25, 2015, according to WSJ Market Data Group. A similar reversal played out for the broader-market S&P 500 index which gave up a nearly 33-point intraday gain to finish the session down more than 13 points, or off 0.5%, also representing its biggest blown lead since 2015 when it rose 55 points but ended the session down 1.4%. The frenetic swings for the equity gauges highlights a resurgence of volatility on Wall Street after a lengthy period of quiet as investors focus on a Federal Reserve that may be more aggressive in raising borrowing costs as stubbornly low inflation resurfaces.
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From:: Stock Market News