After failing to sustain an early rally, stocks showed a significant downturn over the course of the trading session on Thursday. The major averages pulled back well off their highs of the session and into negative territory.
The major averages all closed in the red, although the Dow posted a relatively modest loss. While the Nasdaq fell 65.66 points or 0.6 percent to 10,614.84 and the S&P 500 slid 29.38 points or 0.8 percent to 3,665.78, the narrower Dow dipped 90.22 points or 0.3 percent to 30,333.59.
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