After initially showing a lack of direction, stocks moved sharply lower over the course of the trading session on Thursday. With the steep drop on the day, the major averages extended the downward move seen in the previous session.
The major averages saw further downside going into the close, ending the session at their worst levels of the day. The Dow tumbled 638.11 points or 1.9 percent to 32,272.79, the Nasdaq plunged 332.05 points or 2.8 percent to 11,754.23 and the S&P 500 dove 97.95 points or 2.4 percent to 4,017.82.
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