After showing a lack of direction earlier in the session, stocks have moved mostly lower over the course of the trading day on Monday. The major averages are adding to the steep losses posted last week, with the Dow falling to its lowest intraday level in almost two years.
Currently, the major averages are just off their worst levels of the day. The Dow is down 358.90 points or 1.2 percent at 29,231.51, the Nasdaq is down 58.25 points or 0.5 percent at 10,809.68 and the S&P 500 is down 40.66 points or 1.1 percent at 3,652.57.
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