India, April 4 -- Stocks have shown another substantial move to the downside during trading on Friday, extending the nosedive seen in the previous session. With the continued plunge, the major averages have tumbled to their lowest intraday levels since early last August.
The major averages have seen further downside in recent trading, hitting new lows for the session. The Nasdaq is down 744.48 points or 4.5 percent at 15,806.13, the S&P 500 is down 223.46 points or 4.1 percent at 5,173.06 and the Dow is down 1,469.57 points or 3.6 percent at 39,076.36.
The extended sell-off on Wall Street comes amid ongoing concerns about a global trade war after China announced retaliatory tariffs on U.S. goods in reaction to President Donald Trump's new...