India, May 6 -- Stocks have moved mostly lower during trading on Tuesday, extending the pullback seen over the course of the previous session. The major averages have climbed off their worst levels after an early slump but remain in the red.

The major averages have moved roughly sideways in recent trading, stuck firmly in negative territory. The Nasdaq is down 112.82 points or 0.6 percent at 17,731.42, the Dow is down 182.71 points or 0.4 percent at 41,036.12 and the S&P 500 is down 23.18 points or 0.4 percent at 5,627.20.

Ongoing trade uncertainty continues to weigh on the markets following recent strength, which saw the S&P 500 close higher for nine straight sessions before yesterday's pullback.

While Treasury Secretary Scott Bessent t...