U.S. stocks on track for biggest blown lead since April in final hour of trading

U.S. stocks on track for biggest blown lead since April in final hour of trading

Business
September 2, 2022 by secret
283
The S&P 500 is on track to book its biggest blown lead since April as the broad-market index is down nearly 1% in the last hour of trading on Friday, as news of a prolonged halt of natural gas flows through a key Russian pipeline rattles global markets, causing stocks to shake off earlier gains.
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The S&P 500 is on track to book its biggest blown lead since April as the broad-market index is down nearly 1% in the last hour of trading on Friday, as news of a prolonged halt of natural gas flows through a key Russian pipeline rattles global markets, causing stocks to shake off earlier gains. The S&P 500
SPX,
-1.07%
is down 28 points, or 0.7%, to 3,937 in recent trade, after being up 1.3% at the highs. The Dow Jones Industrial Average
DJIA,
-1.07%
has shed 210 points, or 0.7%, to 31,445.24, reversing an earlier gain of 1.2%. The Nasdaq Composite
COMP,
-1.31%
retreated 108 points, or 0.9%, to 11,677. For the S&P 500, the daily turnaround would mark its biggest blown lead since April 12, when it was up 1.3%, but finished the session down 0.3%. The Dow is on track for its largest blown lead since June 28, when the blue-chip benchmark closed down 1.6%, after advancing 1.4% earlier in the day.



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