India, Jan. 27 -- Stocks have moved sharply lower during trading on Monday, extending the pullback seen during last Friday's session. The tech-heavy Nasdaq has shown a particularly steep drop.
Currently, the major averages are off their worst levels of the day but still firmly negative. The Nasdaq is down 553.33 points or 2.8 percent at 19,400.97 and the S&P 500 is down 104.36 points or 1.7 percent at 5,996.88.
The narrower Dow is posting a more modest loss, edging down 69.54 points or 0.2 percent at 44,354.71.
The sell-off On Wall Street comes amid substantial weakness among technology stocks, with AI darling and sector leader Nvidia (NVDA) is plummeting by 14.4 percent.
The plunge by Nvidia comes after Chinese startup DeepSeek's AI As...