U.S. Stocks Pulling Back Sharply As Tech Sell-Off Resumes

After moving to the upside early in the session, stocks have come under considerable pressure over the course of the trading day on Tuesday. The major averages have pulled back well off their highs of the session and firmly into negative territory.

The tech-heavy Nasdaq is underperforming the other major averages and is currently down 561.90 points or 2.2 percent at 25,367.76. The S&P 500 is also down 95.64 points or 1.3 percent at 7,310.09, while the Dow is down 285.73 points or 0.6 percent at 50,500.28.