India, March 26 -- Stocks have moved to the downside during trading on Wednesday, giving back ground after trending higher over the past few sessions. Weakness in the tech sector is weighing on the markets, resulting in a slump by the tech-heavy Nasdaq.
Currently, the Nasdaq is off its worst levels of the day but still down 193.01 points or 1.1 percent at 18,078.84. The S&P 500 is also down 17.30 points or 0.3 percent at 5,759.35, while the narrower Dow has bucked the downtrend and climbed 195.97 points or 0.5 percent to 42,783.47.
The sharp pullback by the Nasdaq comes as big-name tech stocks are under pressure, with shares of Nvidia (NVDA) plunged by 4.4 percent.
Shares of Tesla (TSLA) have also tumbled by 3.5 percent, while shares of ...