India, July 17 -- Stocks have moved mostly lower during trading on Friday, extending the pullback seen in the previous session. The Nasdaq has shown a notable move to the downside, adding to the steep loss posted on Thursday.

Currently, the major averages are well off their lows of the session but still in negative territory. The Nasdaq is down 424.89 points or 1.6 percent at 25,457.06, the S&P 500 is down 66.98 points or 0.9 percent at 7,466.79 and the Dow is down 120.42 points or 0.2 percent at 52,432.55.

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