Following the steep drop seen last week, stocks have shown another significant move to the downside in morning trading on Monday. The major averages have all slid firmly into negative territory, with the Nasdaq falling to its lowest intraday level in two months.
Currently, the major averages continue to post substantial losses. The Dow is down 553.62 points or 1.6 percent at 34,811.82, the Nasdaq is down 206.93 points or 1.4 percent at 14,962.76 and the S&P 500 is down 64.66 points or 1.4 percent at 4,555.98.
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