Dow Jones Industrial Average turns positive as stocks hit session highs

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Stock market trades off session lows, Dow halves opening drop, as consumer-staples shares bounce

U.S. stock indexes late-morning Wednesday cut their opening losses on Wednesday, with the Dow paring its 500-point opening tumble by more than half, as consumer-related stocks helped to reduce some of the stock market’s early decline on trade-war fears. The Dow Jones Industrial Average was off 155 points, or 0.6%, at 23,880. The benchmark had lost as many as 510 points, or 2.1%, at its intrasession low. The S&P 500 index , meanwhile, was down 0.4% at 2,604, with the consumer-staples sector leading gains, up 0.9%. Shares of Hormel Foods Corp. and Walgreen Boots Alliance Inc. were powering the sector’s moves. The Nasdaq Composite Index , meanwhile, was down 0.6% at 6,896.

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