Stocks have moved sharply lower during trading on Wednesday, with the major averages adding to the modest losses posted in the previous session. The Nasdaq has shown a particularly steep drop amid weakness among tech stocks.
In recent trading, the Nasdaq and the S&P 500 have fallen to new lows for the session. The Nasdaq is down 426.16 points or 2.4 percent at 17,571.19, the S&P 500 is down 84.25 points or 1.5 percent at 5,471.49 and the Dow is down 293.01 points or 0.7 percent at 40,065.08.
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