Stocks have moved sharply lower in morning trading on Thursday, giving back ground following the rally seen in the previous session. The major averages have all shown significant moves to the downside, with the tech-heavy Nasdaq leading the pullback.
Currently, the major averages are just off their lows of the session. The Nasdaq is down 257.22 points or 2.4 percent at 10,452.15, the S&P 500 is down 65.66 points or 1.7 percent at 3,812.78 and the Dow is down 451.33 points or 1.4 percent at 32,925.15.
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