(Image by Oleg Gamulinskiy from Pixabay)
(CNBC) -- Stocks pulled back sharply on Thursday, completely erasing a rally from the prior session in a stunning reversal that delivered investors one of the worst days since 2020.
The Dow Jones Industrial Average lost 1,063 points, or 3.12%, to close at 32,997.97. The tech-heavy Nasdaq Composite fell 4.99% to finish at 12,317.69, a fresh closing low for the year. Both of those losses were the worst single-day drops since 2020.
The S&P 500 fell 3.56% 4,146.87, marking its second worst day of the year.
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