After failing to sustain an initial move to the upside, stocks showed a significant downturn over the course of the trading session on Thursday. The major averages pulled back well off their early highs and into negative territory.
The major averages climbed off their worst levels going into the close but remained firmly in the red. The Dow fell 249.13 points or 0.7 percent to 33,699.88, the Nasdaq slumped 120.94 points or 1.0 percent to 11,789.58 and the S&P 500 slid 36.36 points or 0.9 percent to 4,081.50.
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