Dow closes 380 points lower

(CNBC) — U.S. stocks fell sharply in choppy trade Wednesday, giving up earlier gains, as Wall Street wrapped up a volatile month for the major averages.

The Dow Jones industrial average closed 380.83 points lower at 25,029.20, with Caterpillar as the worst-performing stock in the index.

More than half of the day’s losses came in the final hour of trading with the Dow losing more than 240 points in the final 60 minutes.

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