Stocks have moved sharply lower in morning trading on Thursday, with the major averages all showing substantial moves to the downside after ending the previous session narrowly mixed. The S&P 500 is on track for its worst first half in over 50 years.
The major averages have climbed off their worst levels in recent trading but continue to post steep losses. The Dow is down 364.42 points or 1.2 percent at 30,664.89, the Nasdaq is down 199.76 points or 1.8 percent at 10,978.13 and the S&P 500 is down 48.34 points or 1.2 percent at 3,770.49.
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