Dow falls more than 300 points and Nasdaq suddenly skids 1.6% lower in late-morning Thursday action
U.S. stock-market gauges late-morning Thursday skidded sharply lower, briefly driving the indexes to an intraday nadir, with no apparent cause prompting the move. The Dow Jones Industrial Average DJIA, -0.93% was down 331 points, or 1.1%, the S&P 500 index SPX, -0.98% retreated 1.1%, while the Nasdaq Composite Index COMP, -1.43%, a benchmark known for a heavy proportion of technology-related components, was off 1.4% and had been down as much as 1.7%.
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