Stocks have moved sharply lower in morning trading on Thursday, more than offsetting the rally seen in the previous session. With the sell-off on the day, the major averages have fallen to their lowest intraday levels in well over a year.
The major averages have seen further downside in recent trading, hitting new lows for the session. The Dow is down 812.81 points or 2.7 percent at 29,855.72, the Nasdaq is down 460.79 points or 4.2 percent at 10,638.37 and the S&P 500 is down 127.05 points or 3.4 percent at 3,662.94.
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