After turning in a lackluster performance early in the session, stocks showed a significant move to the downside over the course of the trading day on Thursday. The major averages all slid firmly into negative territory as the day progressed. The major averages climbed off their worst levels going into the close but remained notably lower. The Dow tumbled 317.46 points or 1.1 percent to 29,080.17, the Nasdaq slid 76.84 points or 0.7 percent to 11,709.59 and the S&P 500 slumped 35.65 points or 1 percent to 3,537.01.
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