April 7, 2020, 4:27 p.m. EDT

The Dow gave up all of its 940-point gain as stock-market rally stumbled into the close

The Dow Jones Industrial Average (DOW:DJIA) ended lower in the final half-hour of trade Tuesday, reflecting a sharp pullback from intraday highs from a market that has been attempting to rebound from brutal losses in the wake of the coronavirus outbreak. The Dow ended 26 points, or 0.1%, at 22,653, but had been as high as 23,617, a more than 937-point advance. The S&P 500 index (S&P:SPX) closed down 4 points, or 0.2%, at 2,659, while the Nasdaq Composite Index (AMERICAN:COMP) ended off about 26 points, or 0.3%, at 7,887 after the technology-laden index enjoyed a 2.9% gain at Tuesday's peak. Stocks had been buoyant on the back of growing signs that the spread of the COVID-19 pandemic may be leveling off in parts of the world.

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