India, April 21 -- Stocks have moved sharply lower during trading on Monday, with the Nasdaq and the S&P 500 showing substantial moves to the downside after ending last Thursday's trading little changed. The narrower Dow is also adding to the steep loss posted in the previous session, moving lower for the fourth straight day.

Currently, the major averages are just off their lows of the session. The Nasdaq is down 387.33 points or 2.4 percent at 15,899.12, the S&P 500 is down 102.92 points or 2.0 percent at 5,179.78 and the Dow is down 727.44 points or 1.9 percent at 38,414.79.

The weakness on Wall Street comes amid lingering concerns about a global trade war as traders await signs of progress from President Donald Trump's trade talks.

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