After coming under pressure early in the session, stocks have seen further downside over the course of the trading day on Monday. With the drop, the major averages are extending the downward move seen over the two previous sessions.
Currently, the major averages are just off their lows of the session. The Dow is down 627.15 points or 1.9 percent at 32,987.65, the Nasdaq is down 330.02 points or 2.5 percent at 12,983.42 and the S&P 500 is down 96.28 points or 2.2 percent at 4,232.59.
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