India, March 22 -- After coming under pressure early in the session, stocks have seen further downside over the course of the trading session on Friday. The Nasdaq and the S&P 500 are pulling back sharply after ending the previous session at their best closing levels in well over five months.
In recent trading, the major averages have fallen to new lows for the session. The Dow is down 375.83 points or 1.5 percent at 25,586.68, the Nasdaq is down 155.41 points or 2 percent at 7,683.55 and the S&P 500 is down 44.49 points or 1.6 percent at 2,810.39.
The sell-off on Wall Street partly reflects profit taking, with traders cashing in on recent gains after yesterday's strong upward move.
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