India, Oct. 22 -- Stocks have moved sharply lower during trading on Thursday, giving back ground after trending higher over the past few sessions. The tech-heavy Nasdaq is posting a significant loss after posting a standout gain on Wednesday.
Currently, the Nasdaq is just off its lows of the session, down 601.57 points or 2.3 percent at 26,101.29. The S&P 500 is also down 104.04 points or 1.3 percent at 7,653.13, while the narrower Dow is posting a more modest loss, down 234.30 points or 0.4 percent at 52,621.79.
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