India, April 23 -- Following the rally seen during Wednesday's session, stocks moved mostly lower over the course of the trading day on Thursday. The major averages all moved to the downside, with the Nasdaq and the S&P 500 pulling back off record closing highs.
The major averages regained ground after an early afternoon nosedive but remained firmly negative. The Nasdaq slid 219.06 points or 0.9 percent to 24,438.50, the S&P 500 declined 29.50 points or 0.4 percent to 7,108.40 and the Dow fell 179.71 points or 0.4 percent to 49,310.32.
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