Dow tumbles more than 400 points as stock market hits session lows in Wednesday afternoon sell-off

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Stocks were facing heavy selling Wednesday afternoon, pushing the main equity benchmarks to trade near session lows as investors’ appetite for assets perceived as risky appeared to abate. The Dow Jones Industrial Average was off 430 points, or 1.6%, at 26,856, around its low for the day, while the S&P 500 index declined 1.9% to 3,252, threatening to push the index into correction for the first time since March. The Nasdaq Composite Index retreated 2.6% at 10,682, deepening its slide in correction territory, defined as a drop of at least 10% from a recent peak.
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