Stocks showed a substantial downturn over the course of the trading session on Thursday, with the major averages pulling back sharply after showing a strong move to the upside in early trading. With the steep drop on the day, the Nasdaq fell to its lowest closing level in over a month.
After jumping by more than 330 points to a two-month intraday high, the Dow slumped 368.03 points or 1.1 percent to 34,792.76. The Nasdaq also plunged 278.41 points or 2.1 percent to 13,174.65, and the S&P 500 tumbled 65.79 points or 1.5 percent at 4,393.66.
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