Stocks have moved mostly lower over the course of the trading day on Wednesday, extending the downward move seen in the previous session. The major averages have also moved to the downside, with the Dow showing a notable decline.

Currently, the major averages are just off their lows of the session. The Dow is down 773.17 points or 1.5 percent at 52,151.98, the S&P 500 is down 61.48 points or 0.8 percent at 7,442.37 and the Nasdaq is down 179.40 points or 0.7 percent at 25,639.29.

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