After showing a strong move to the upside early in the session, stocks showed a significant downturn over the course of the trading day on Thursday. The major averages pulled back well off their best levels of the day and into negative territory.
The tech-heavy Nasdaq fell 77.17 points or 0.6 percent to 14,050.11 after surging as much as 1.7 percent in early trading. The S&P 500 also slid 29.34 points or 0.6 percent to 4,537.41, while the Dow slumped 237.40 points or 0.7 percent to 35,282.72, snapping a 13-day winning streak.
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