U.S. Stocks Under Pressure As Crude Oil Prices Surge

Stocks have moved mostly lower during trading on Thursday, giving back ground following the strength seen in the previous session. The major averages have all moved to the downside, with the tech-heavy Nasdaq showing a notable decline.

Currently, the Nasdaq is down 210.28 points or 1 percent at 21,719.54 and the S&P 500 is down 43.15 points or 0.7 percent at 6,548.75. The narrower Dow is posting a more modest loss after briefly turning positive, down 91.36 points or 0.2 percent at 46,338.13.