Dow attempts 628-point U-turn to briefly turn positive in mighty reversal in last two hours of Friday trade

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The Dow Jones Industrial Average and the broader market were attempting a notable comeback after skidding sharply lower early Friday, heading into a three-day holiday weekend. U.S. markets will be closed in observance of Labor Day on Monday. The Dow was down 66 points, or 0.2%, at 28,220 but had been briefly trading up 6 points, or 0.1%, just after 2:30 p.m. Eastern, after falling by as many as 628 points at Friday’s lows earlier in the session to hit a intraday low at 27,664.68. The early downturn came after market’s on Thursday recorded a withering sell-off, powered by a retrenchment in some of the most popular highflying, tech stocks, including Tesla Inc. and Apple Inc. . On Thursday, the Dow ended with a loss of 807.77 points, or 2.8%, at 28,292.73, after dropping more than 1,000 points at its session low. The S&P 500 closed 125.78 points lower, down 3.5%, at 3,455.06. The Nasdaq Composite tumbled 598.34 points, or 5%, to end at 11,458.10. The declines marked the biggest one-day drops for all three indexes since June.
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