Nasdaq Goes Green in 'Epic' Reversal

(Updated - January 20, 2016 3:41 PM EST)

The Nasdaq Composite bounced back in a big way on Wednesday afternoon, reversing a 3.7% drop and surging into positive territory. Traders described the move as "epic."

Heading into the final half-hour of trading, the index stood at 4490, up 0.3% and well off lows at 4313. Biotech stocks made a particularly strong showing, with NASDAQ Biotechnology Index advancing over 3%.

The Dow and the S&P 500 made similar turnarounds, but both remained in negative territory heading into the market close.

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