After failing to sustain an early move to upside, stocks moved sharply lower over the course of the trading session on Thursday. The major averages renewed the sell-off seen on Tuesday, with the Dow tumbling to its lowest closing level in four months.
The major averages climbed off their worst levels going into the close but still posted steep losses. The Dow slumped 543.54 points or 1.7 percent to 32,254.86, the Nasdaq plummeted 237.65 points or 2.1 percent to 11,338.35 and the S&P 500 plunged 73.69 points or 1.9 percent at 3,918.32.
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