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Market Extra: The Dow and S&P 500 blow their biggest intraday gain since February

The Dow Jones Industrial Average on Wednesday relinquished its largest point acquire since February, as selling in shares of bank and technology-and-internet corporations offset beneficial properties in the resurgent power sector.

The Dow DJIA, -Zero.68% ended the session off 165.52 issues, or Zero.7%, at 24,117.59, after the blue-chip gauge touched an intraday top up 285.91 issues. That retreat represents the biggest turnaround decrease for the Dow since Feb. 21, when the gauge rose 303.24 issues to end down 166.97 issues, according to WSJ Market Data Group. The S&P 500 index SPX, -Zero.86%  also marked its biggest blown lead since February, after it peaked up Zero.85%, however finished the session down Zero.nine% at 2,699, finishing under a psychological, round-number stage at 2,700 for the broad-market index.

Wednesday’s reversal comes as trade-related worries have created anxieties amongst traders anxious that the current tit-for-tat spat between the U.S. and its trade companions China and the European Union morph into a trade war that damages global economies.

An early burst upper in the session, in part underpinned by way of a White House observation that perceived to indicate a more moderated approach by way of President Donald Trump to curb Chinese investments in U.S. technology corporations, gave strategy to selling.

The technology-laden Nasdaq Composite Index COMP, -1.54% given the focal point on tech, saw a more pronounced tumble on the day, off 1.five% at 7,445.08.

Read: Trade-war tracker: Here are the new levies, imposed and threatened

Mark DeCambre is MarketWatch's markets editor. He is based totally in New York. Follow him on Twitter @mdecambre.

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