India, Aug. 18 -- Following the pullback seen over the two previous sessions, stocks are seeing further downside during trading on Tuesday. The major averages have all moved lower on the day, with the tech-heavy Nasdaq showing a significant decline.

Currently, the Nasdaq and S&P 500 are just off their lows of the session. The Nasdaq is down 361.19 points or 1.4 percent at 26,283.72 and the S&P 500 is down 46.95 points or 0.6 percent at 7,698.11.

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