India, June 10 -- Stocks showed a lack of direction early in the session on Wednesday but came under considerable selling pressure over the course of the trading day. The major averages all showed significant moves to the downside.
The major averages ended the day just off their lows of the session. The Dow tumbled 953.33 points or 1.9 percent to 49,918.78, the Nasdaq plunged 509.32 points or 2 percent to 25,169.50 and the S&P 500 slumped 119.66 points or 1.6 percent to 7,266.99.
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