After turning lower over the course of the previous session, stocks have shown a substantial move to the downside in morning trading on Monday. With the drop, the major averages have fallen to their lowest intraday levels in almost a month.
Currently, the major averages are just off their worst levels of the day. The Dow is down 770.05 points or 2.2 percent at 33,917.80, the Nasdaq is down 225.39 points or 1.6 percent at 14,201.85 and the S&P 500 is down 80.89 points or 1.9 percent at 4,246.27.
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