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Trading near market close becomes prevalent as ETFs and other vehicles look to match index moves
A surge in late-day trading activity has magnified major indexes’ declines over the past two days, stoking investors’ anxieties amid one of the stock market’s most violent pullbacks this year.
The Dow Jones Industrial Average suffered triple-digit drawdowns in the final trading hours of Wednesday and Thursday, extending the blue-chip index’s loss over those two days to more than 1,300 points.