Stock rout erases 2018 gains for S&P, Dow indexes

SELL-OFFS: The S&P 500 dropped 3.1 percent to 2,656.29 as of 4:02 p.m. in New York Wednesday, while the Dow Jones Industrial Average slumped 2.4 percent to 24,584.71 and the Nasdaq Composite Index tumbled 4.4 percent to 7,108.40. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE
SELL-OFFS: The S&P 500 dropped 3.1 percent to 2,656.29 as of 4:02 p.m. in New York Wednesday, while the Dow Jones Industrial Average slumped 2.4 percent to 24,584.71 and the Nasdaq Composite Index tumbled 4.4 percent to 7,108.40. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE
NEW YORK - The sell-off in United States stocks accelerated, wiping out gains for the year in both the S&P 500 Index and the Dow Jones Industrial Average, as mixed corporate earnings and weak housing data fueled anxiety that rising prices will crimp economic growth. Treasuries rallied for a second day on demand for haven assets.…

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