India, March 13 -- Stocks moved sharply lower over the course of the trading day on Thursday, more than offsetting the gains posted during Wednesday's session. The major averages tumbled to six-month closing lows, with the S&P 500 entering correction territory more than 10 percent below February's record highs.
The major averages ended the day off their worst levels but still firmly negative. The Nasdaq plunged 345.44 points or 2.0 percent to 17,303.01, the S&P 500 slumped 77.78 points or 1.4 percent to 5,521.52 and the Dow dove 537.36 points or 1.3 percent to 40,813.57.
The sell-off on Wall Street came amid ongoing concerns about President Donald Trump's trade policies after he suggested the U.S. would respond to the European Union's cou...