Updated from 3:17 p.m. EST
Stocks struggled for direction for much of the session Wednesday, but a fast-developing selloff in the final minutes of trading left the major averages saddled with losses at the close.
The Dow Jones Industrial Average fell 76.08 points, or 0.6%, to 13,231.01, and the S&P 500 lost 10.47 points, or 0.7%, at 1470.58. The Nasdaq Composite declined by 29.33 points, or 1.1%, to 2644.32.
"Without a follow-through to yesterday's advance, there wasn't much participation today and yesterday's rally petered out," said Robert Pavlik, chief investment officer with Oaktree Asset Management. "There was a lack of a catalyst today, and the market unwound late in the day. It certainly doesn't make anyone feel good to see a decline today, but it shouldn't have been all that surprising." ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,464.40 | 1,110.63 | 2,176.05 | 32.12 |
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