Stocks have moved sharply lower in morning trading on Monday, giving back ground following the upward move seen last week. The major averages have all moved to the downside, with the tech-heavy Nasdaq leading the way lower.
Currently, the major averages are off their lows of the session but still firmly negative. The Nasdaq is down 229.69 points or 2 percent at 11,405.62, the S&P 500 is down 44.96 points or 1.2 percent at 3,854.42 and the narrower Dow is down 176.43 points or 0.6 percent at 31,161.72.
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