India, Feb. 24 -- After failing to sustain an initial move to the upside, stocks have moved mostly lower over the course of the trading session on Monday. The major averages have pulled back well off their highs of the session and into negative territory.
Currently, the Nasdaq is down 197.94 points or 1.0 percent at 19,326.07 and the S&P 500 is down 21.36 points or 0.4 percent at 5,991.77. The narrower Dow is posting a more modest loss, down 1.92 points or less than a tenth of a percent at 43,426.10.
The initial strength on Wall Street came as some traders looked to pick up stocks at relatively reduced levels following the weakness seen over the two previous sessions, which dragged the Dow down to its lowest closing level in a month.
Buy...