Following the sell-off seen to close out the previous session, stocks have shown another significant move to the downside during trading on Monday. The major averages have all moved notably lower, with the Nasdaq and the S&P 500 hitting three-month lows.
Currently, the major averages are off their lows of the session but still firmly negative. The Nasdaq is down 454.42 points or 2.7 percent at 16,321.75, the S&P 500 is down 133.64 points or 2.5 percent at 5,212.92 and the Dow is down 953.28 points or 2.4 percent at 38,783.98.
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