Stocks moved notably lower over the course of the trading day on Thursday, extending the sharp pullback seen during Wednesday's session. With the continued weakness, the major averages fell to their lowest closing levels in five months.
The major averages staged a recovery attempt in the latter part of the session but moved back to the downside going into the close. The Nasdaq tumbled 225.62 points or 1.8 percent to 12,595.61, the S&P 500 climbed 49.54 points or 1.2 percent to 4,137.23 and the Dow slid 251.63 points or 0.8 percent to 32,784.30.
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