Stocks moved sharply lower over the course of the trading day on Wednesday, more than offsetting the strength seen in the previous session. With the drop on the day, the major averages ended the session at their lowest closing levels in well over a month.
The major averages saw further downside going into the close, finishing the day just off their worst levels. The Dow tumbled 525.05 points or 1.9 percent to 26,763.13, the Nasdaq plummeted 330.65 points or 3 percent to 10,632.99 and the S&P 500 plunged 78.65 points or 2.4 percent to 3,236.92.
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