Market Extra: Dow stages biggest intraday reversal in more than 8 months; Nasdaq sees biggest U-turn in 3 years

Talk about a blown lead. The Dow Jones Industrial Average gave up a 352-point gain to end lower Monday and highlighted a market that has grown increasingly unsettled amid concerns about global growth and escalating tariff clashes between the U.S. and China.

The action marked the biggest U-turn for the Dow industrials DJIA, -0.99% since Feb. 7, when the Dow erased a roughly 382-point gain to finish with gut-wrenching losses. On Monday, the Dow closed down 245 points, or 1%, at 24,442.92. The day’s losses were even more stomach-churning than that closing level implies because the blue-chip gauge earlier had been down by as many as 566.08 points to an intra-session low of 24,122.23, which would have put the Dow in correction territory for the second time in 2018.

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