After ending Tuesday's session modestly lower, stocks showed a more substantial move to the downside during trading on Wednesday. The tech-heavy Nasdaq led the sell-off, while the Dow pulled back off its best closing level in well over a year.
The major averages climbed off their worst levels going into the close but remained sharply lower. The Nasdaq plunged 310.47 points or 2.2 percent to 13,973.45, the S&P 500 tumbled 63.34 points or 1.4 percent to 4,513.39 and the Dow slumped 348.16 points or 1.0 percent to 35,282.52.
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