Following the mixed performance seen during Monday's session, stocks moved sharply lower over the course of the trading day on Tuesday. The major averages all showed notable moves to the downside, with the tech-heavy Nasdaq showing a particularly steep drop.
The major averages climbed off their worst levels going into the close but remained firmly negative. While the Nasdaq tumbled 220.09 points or 1.9 percent to 11,562.57, the S&P 500 slumped 45.79 points or 1.2 percent to 3,921.05 and the Dow slid 228.50 points or 0.7 percent to 31,761.54.
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