India, Nov. 2 -- Stocks showed a strong move to the upside in early trading on Monday but saw a significant downturn over the course of the session. The major averages pulled back well off their early highs, with the Nasdaq and S&P 500 sliding into negative territory.
The tech-heavy Nasdaq slumped 272.68 points or 1.1 percent to 25,164.32, while the S&P 500 fell 38.67 points or 0.5 percent to 7,541.40.
The Nasdaq and S&P 500 extended the sharp pullback seen over last Thursday and Friday's sessions, hitting their lowest closing levels in three months.
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