Dow on track for biggest intraday bounce since Feb. as it erases 488 point loss

A stock-market selloff took a breather Monday afternoon, with the Dow Jones Industrial Average on track for its biggest intraday bounce back from negative territory since February. The blue-chip gauge tumbled sharply in early trade, falling 487.7 points, or 1.44%, at its session low, before turning higher in afternoon action. The Dow DJIA, +0.38% was up 40 points, or 0.1%, at 33,852 in mid-afternoon activity. The last time the Dow was down that much on an intraday basis and closed higher was on Feb. 24, when it fell as much as 2.59% but ended the day up 0.28%, according to Dow Jones Market Data. The move comes after the Dow ended nearly 1,000 points lower on Friday, leaving it with its biggest one-day percentage decline since October 2020. The S&P 500 SPX, +0.15% was down 0.2% near 4,263, while the Nasdaq Composite COMP, +0.93% rose 0.5% to 12,908.