Stocks end with steep losses but off session lows

Stocks fell sharply Thursday, but ended well off session lows, as resilient economic data reinforced expectations for the Federal Reserve to continue tightening monetary policy aggressively into 2023. The Dow Jones Industrial Average
DJIA,
-1.05%
finished with a loss of nearly 350 points, or 1%, after dropping more than 800 points at its session low. The S&P 500
SPX,
-1.45%
ended 1.4% lower, while the Nasdaq Composite
COMP,
-2.18%
shed 2.2%.