Stocks give up on rebound rally
CNN
The rebound just wasn't meant to be. After rallying for much of the day, Wall Street's major indexes dropped into negative territory in the afternoon.
The S&P 500 (SPX) closed 1.1% lower, while the Dow (INDU) dropped 0.9%, or 313 points.
The Nasdaq Composite (COMP) ended down 1.3%, after swinging more than 3% between its highest and lowest points of the session. The index failed to reverse its losses from the start of the week that led to its closing in correction territory on Wednesday, defined as a 10% drop from its high.
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