Stocks have moved sharply lower over the course of the trading day on Tuesday, more than offsetting the strength seen in the previous session. The Dow reached a new record intraday high in early trading but has since joined the Nasdaq and the S&P 500 firmly in negative territory.
Currently, the major averages are just off their lows of the session. The Nasdaq is down 453.90 points or 1.9 percent at 23,138.21, the S&P 500 is down 85.29 points or 1.2 percent at 6,891.15 and the Dow is down 397.70 points or 0.8 percent to 49,009.96.
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