India, April 10 -- Following an historic rally over the course of Wednesday's session, stocks showed a substantial move back to the downside during trading on Thursday. The major averages all posted steep losses but remain well off their recent lows.
The major averages ended the day off their worst levels but still sharply lower. The Nasdaq plunged 737.66 points or 4.3 percent to 16,387.31, the S&P 500 tumbled 188.85 points or 3.5 percent to 5,268.05 and the Dow slumped 1,014.79 points or 2.5 percent to 39,593.66.
The sharp pullback on Wall Street came as traders looked to cash in on the spike seen in afternoon trading on Wednesday after President Donald Trump announced a 90-day pause on new "reciprocal tariffs."
Ongoing concerns about r...