Following the lackluster performance seen in the previous session, stocks have moved sharply lower during trading on Thursday. The major averages have all moved to the downside, with the tech-heavy Nasdaq showing a particularly steep drop.
Currently, the major averages are just off their lows of the session. The Nasdaq is down 571.65 points or 2.4 percent at 23,285.80, the S&P 500 is down 89.67 points or 1.3 percent at 6,888.36 and the Dow is down 238.87 points or 0.5 percent at 48,776.73.
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