The Dow on Wednesday had its best point gain ever.

The Dow on Wednesday had its best point gain ever.

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Dow plunges after biggest point gain in history

Stock market volatility works in both directions. A day after gaining more than 1,000 points, the Dow fell 500 points Thursday. The S&P 500 fell 2.1% and the Nasdaq was down 2.2%. The Nasdaq fell back into bear market territory.