Dow, S&P 500 pivot higher Wednesday as stock market faces early bout of turbulence

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U.S. stocks were whipsawing early Wednesday, with the Dow industrials and the S&P500 index turning higher, as investors parsed economic data. Meanwhile, fresh reports out of China suggest that the world’s second-largest economy is struggling in its attempt to recover from the pandemic.

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On Tuesday, the Dow industrials dropped 292.06 points, or 0.8%, to finish at 34,577.57, the S&P 500 index fell 25.68 points, or 0.6%, to 4,443.05 and the Nasdaq Composite fell 67.82 points, or 0.5%, to 15,037.76.