Stocks have moved sharply lower in morning trading on Wednesday, adding to the modest losses posted in the previous session. The major averages have all moved to the downside, with the Dow pulling back off its best closing level in well over a year.
Currently, the major averages are just off their lows of the session. The Dow is down 244.87 points or 0.7 percent at 35,385.81, the Nasdaq is down 263.66 points or 1.9 percent at 14,020.25 and the S&P 500 is down 53.36 points or 1.2 percent at 4,523.37.
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