India, Aug. 31 -- Following the pullback seen during last Friday's session, stocks are seeing further downside during trading on Monday. The major averages have all moved lower on the day, although selling pressure appears somewhat subdued.

Currently, the major averages are off their lows of the session but still firmly negative. The Dow is down 305.79 points or 0.6 percent at 53,254.20, the Nasdaq is down 104.83 points or 0.4 percent at 26,297.59 and the S&P 500 is down 32.18 points or 0.4 percent at 7,679.58.

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