India, July 13 -- Following the strength seen over the two previous sessions, stocks have moved back to the downside during trading on Monday. The major averages have all moved lower, with the tech-heavy Nasdaq showing a notable slump.

Currently, the major averages are off their lows of the session but still in negative territory. The Nasdaq is down 204.65 points or 0.8 percent at 26,076.95, the S&P 500 is down 23.97 points or 0.3 percent at 7,551.42 and the Dow is down 78.41 points or 0.2 percent at 52,558.60.

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