Stocks have moved sharply lower during trading on Thursday, with the major averages all showing significant moves to the downside after closing mixed for two straight sessions. With the slump, the major averages are on pace to end the session at three-month closing lows.
Currently, the major averages are off their worst levels but still posting steep losses. The Dow is down 574.55 points or 1.2 percent at 46,842.72, the Nasdaq is down 357.32 points or 1.6 percent at 22,358.81 and the S&P 500 is down 78.93 points or 1.2 percent at 6,696.87.
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