Dow posts biggest one-day point drop since October

 Dow posts biggest one-day point drop since October

NEW YORK (Reuters) - Wall Street sold off sharply on Wednesday, with the Dow registering its largest one-day point drop since October 2018 as investors were gripped by increased concerns about a recession after the U.S. Treasury yield curve temporarily inverted for the first time in 12 years.

Based on the latest available data, the Dow Jones Industrial Average <.DJI> fell 800.49 points, or 3.05%, to 25,479.42, the S&P 500 <.SPX> lost 85.72 points, or 2.93%, to 2,840.6, and the Nasdaq Composite <.IXIC> dropped 242.42 points, or 3.02%, to 7,773.94.

(Reporting by Caroline Valetkevitch; Editing by Leslie Adler)

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Updated Date: Aug 15, 2019 02:05:37 IST