Stocks have moved sharply lower in morning trading on Tuesday, more than offsetting the gains posted in the previous session. The major averages have all moved to the downside on the day, with the Nasdaq and the S&P 500 falling to their lowest intraday levels in over three months.
The major averages have climbed well off their worst levels in recent trading but remain firmly negative. The Nasdaq is down 125.86 points or 1.0 percent at 13,145.46, the S&P 500 is down 40.13 points or 0.9 percent at 4,297.31 and the Dow is down 242.82 points or 0.7 percent at 33,764.06.
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