Index Comp: Points and Equity Benchmarks

index comp: The Nasdaq had dropped by as many as 85.25 points, or 1.095%, to a intraday nadir of 7,700, before pivoting to advance 1.12%, or 87 points, to mark a powerful about-face and a stunning victory for the bulls, according to Market Watch. Similarly, the Dow Jones Industrial Average DJIA, 1.42% dropped by as many as 335 points, or 1.29%, but recovered to finish up 122 points, or 0.5%, representing its best intraday reversal since May 10, while the S&P 500 index SPX, 1.42% gained 0.8% after tumbling 1.10%, marking its best gain since Aug. 7. The stock market's turnaround on Thursday was notable for producing the sharpest reversal for the three main U.S. equity benchmarks in months, with the Nasdaq Composite Index COMP, 1.40% logging its best turnaround from a 1% decline to a 1% gain since April 4, 2018, according to Dow Jones Market Data. The comeback on Wall Street came as nearly all seemed to be lost, with investors resigning themselves to a third straight loss of at least 1%, adding to the worst start to a quarter for the main benchmarks since the financial crisis. The report appeared to support other signs of economic deterioration after ISM's survey of the U.S. manufacturing sector showed the worst reading in about a decade. Sparking the tumble lower was a report from the Institute for Supply Management, which showed that the U.S. services sector came in at 52.6 in September, down from 56.4 in August, marking the weakest reading in about three years and suggesting domestic growth is slowing. (news.financializer.com). As reported in the news.