Dow gyrates after 900-point gain

Dow plunges 800 points, enters correction on coronavirus fears

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U.S. stocks fluctuated Tuesday, a day after crude suffered a historic rout while the broader stock market recorded its worst day since the financial crisis. 

The Dow Jones industrial average was up 100 points, after initially jumping 945 points after the opening bell. The blue-chip average swung more than 1,106 points from its high to its low. 

Tuesday’s swings came after the Dow plunged more than 2,000 points on Monday. A free fall in oil prices and mounting coronavirus cases rattled jittery investors a day earlier and pushed major indexes to the edge of a bear market, or a drop of 20% from a recent peak. 

The Standard & Poor’s 500 was up 0.8% Tuesday after jumping more than 3%. On Monday, the broad index posted its worst one-day percentage drop since October 2008. The index is off about 19% from its Feb. 19 record. The technology-heavy Nasdaq Composite climbed 1.3%. 

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