(CNBC) -- U.S. stocks cut sharp losses and ended the wild session far off their lows on Wednesday as cryptocurrency prices largely recovered, but the weakness in speculative pockets of the market still weighed on sentiment.
The Dow Jones Industrial Average closed 164.62 points lower, or 0.5% to 33,896.04 after dropping 586 points at its low of the day. The S&P 500 fell 0.3% to 4,115.68 as nine out of 11 sectors registered losses. The tech-heavy Nasdaq Composite rebounded from a 1.7% loss earlier and closed flat at 13,299.74 as some of the major tech stocks reversed higher including Facebook, Netflix, Microsoft and Alphabet.
The major averages briefly added to their losses in afternoon trading after the Federal Reserve’s minutes from its April meeting hinted at reconsidering its asset purchase programs in upcoming meetings.
The post Dow falls 160 points, ends wild session way off lows appeared first on WND.
