NEW YORK — Jarring swings keep rocking Wall Street, and U.S. stocks erased a big morning gain to drop on Thursday as the market remains skittish following weeks of doubts and erratic moves.

What You Need To Know

The S&P 500 fell 1.6% Thursday after erasing an early surge that initially had it on track for its best day since May

The Dow Jones Industrial Average dropped 0.8%, and the Nasdaq composite sank 2.2%

The sharpest losses again hit what had been the market's biggest winners

Nvidia, cryptocurrencies and other areas that had earlier soared with nearly relentless momentum forced the market lower

After initially soaring toward what seemed like its best day since May, with an early surge of 1.9%, the S&P 500 erased all of it and fell 1.6%. The Dow Jones Industrial Average dropped 38

See Full Page