After turning in a strong performance in the previous session, stocks moved back to the downside during trading on Thursday. The major averages all moved lower, with the Dow slumping to its lowest closing level in well over two months.
The major averages saw a notable recovery attempt in the final hour of trading but still closed in negative territory. The Dow tumbled 784.67 points or 1.6 percent to 47,954.74, the S&P 500 slid 38.79 points or 0.6 percent to 6,830.71 and the Nasdaq fell 58.50 points or 0.3 percent to 22,748.99.
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