India, July 23 -- After ending Wednesday's choppy session modestly lower, stocks showed a more substantial move to the downside during trading on Thursday. The major averages all moved notably lower, with the tech-heavy Nasdaq showing a particularly steep decline.
The major averages ended the day off their lows of the session but still firmly negative. The Nasdaq plunged 553.21 points or 2.2 percent to 25,137.69, the S&P 500 tumbled 90.66 points or 1.2 percent to 7,408.30 and the Dow slumped 506.93 points or 1 percent to 51,711.65.
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