Dow, major indexes on track for biggest blown lead in more than a month

[view original post]

Major stock indexes erased gains to turn south in afternoon trade, on track for their biggest downside reversals in more than a month. The Dow Jones Industrial Average was down 53 points, or 0.2%, at 34,256 after rising 362 points, or 1.1%, at its session high. A close in negative territory would mark its biggest blown lead since March 11, according to Dow Jones Market Data. The S&P 500 was down 0.2% after previously rising as much as 1.3%, while the Nasdaq Composite gave up a 2% gain to trade 0.3% lower. If losses hold, it would mark the biggest erased gains for those two indexes since March 8.

-William Watts

 

(END) Dow Jones Newswires

04-12-22 1504ET

Copyright (c) 2022 Dow Jones & Company, Inc.