U.S stocks gave up gains early Wednesday following stronger-than-expected readings from the U.S. manufacturing sector and stern comments from JPMorgan (JPM) boss Jamie Dimon.
After rallying to start the trading session, led by a 1% advance from the Nasdaq, all three major indexes turned negative about 80 minutes into the trading day.
The S&P 500 and the Dow both lost as much as 0.7% while the Nasdaq was off as much as 0.3%. The Russell 2000 was down by the most, falling as much as 0.9%.
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