Dow Jones Drops 230 Points Lower as Wall Street Comeback Attempt Fizzles Out

The Dow Jones Industrial Average saw early gains on Wednesday before turning negative by midday.

A trader works on the floor of the New York Stock Exchange, on Aug. 6, 2024. AP Photo/Richard Drew

The Dow Jones Industrial Average saw early gains on Wednesday before turning negative by midday, two days after it posted a more than 1,000-point loss amid fears of a possible U.S. recession.

As the market closed, the Dow dropped 234 points, while the Nasdaq Composite dropped 171 points, or 1 percent. The S&P 500 Index also posted a 40-point loss.