DOW DIVES AT FINISH ---- S&P NEGATIVE ---- close lower in biggest reversal since OCTOBER 2008
&lt;p&gt;How to play the correction: Pros&lt;/p&gt; &lt;p&gt;Main Street investors Kamie Zaracki, Better Investing CEO; Susan Noyes, Make It Better Media; and Jeff Nevid, Director of Clinical Psychology at Saint John&amp;rsquo;s, discuss their view on the market. &lt;/p&gt;
U.S. stocks closed lower, after a failed attempt to rally from the Dow's worst 3-day point decline in history, as investor confidence waned amid continued concerns about China and global growth.
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The Dow Jones industrial average and the S&P 500 closed about 1.3 percent lower after rallying nearly 3 percent earlier, their biggest reversal to the downside since Oct. 29, 2008. The S&P 500 remained in correction territory after falling there on Monday. The index also posted its first six-day losing streak since July 2012.
In the last week-and-a-half, the S&P 500 lost nearly $2 trillion in market capitalization, with $900 billion in this week's two trading sessions alone.
"That crash (Monday) was so big and so long since we had one (investors) don't want a repeat of 2008 so they bail out," said Lance Roberts, general partner at STA Wealth Management.
The Dow fell 205 points and S&P 500 closed below 1,900 after falling into negative territory in the last half hour of trade. The Nasdaq Composite failed to hold slight gains and closed 0.44 percent lower.
The Dow traveled another 1,600 points during Tuesday's trading session, adding to the 4,900 points the index traveled in down and up moves on Monday.