After failing to sustain an initial move to the upside, stocks have moved mostly lower over the course of the trading day on Wednesday. With the downturn on the day, the major averages are adding to the steep losses posted during Tuesday's session.
Currently, the major averages are off their worst levels of the day but remain firmly negative. The Dow is down 241.63 points or 0.7 percent at 33,377.25, the Nasdaq is down 70.21 points or 0.5 percent at 12,993.40 and the S&P 500 is down 25.24 points or 0.6 percent at 4,248.29.
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