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December 2, 2021

Stocks fall hard again

By STAN CHOE, DAMIAN J. TROISE and ALEX VEIGA
AP Business Writers

Another roller-coaster ride on Wall Street whipsawed investors Wednesday as an early market rally reversed course by midafternoon, piling up more losses for stocks.

The S&P 500 had been up 1.9% in the early going following some better-than-expected readings on the U.S. economy, but the gains gradually gave way to a 1.2% skid. The afternoon reversal is the latest dizzying move for Wall Street's benchmark, which sank 2.3% on Friday for its worst loss since February, only to then rise 1.3% on Monday and then fall 1.9% on Tuesday.


 
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