India, May 23 -- After failing to sustain an initial move to the upside, stocks have come under pressure over the course of the trading session on Thursday. The major averages have pulled back well off their highs of the session, with the Nasdaq recently joining the Dow and S&P 500 in negative territory.
The major averages have seen further downside in recent trading, falling to new lows for the session. The Dow is down 565.49 points or 1.4 percent at 39,105.55, the S&P 500 is down 33.08 points or 0.6 percent at 5,273.93 and the Nasdaq is down 42.13 points or 0.3 percent at 16,759.41.
The initial strength on Wall Street came as tech stocks rallied following upbeat quarterly results from Nvidia (NVDA), with the Nasdaq and S&P 500 reaching ...