India, April 16 -- Stocks have moved sharply lower during trading on Wednesday, adding to the modest losses posted in the previous session. The major averages have all moved to the downside on the day, with the tech-heavy Nasdaq posting a particularly steep loss.
Currently, the major averages are off their worst levels but still in negative territory. The Nasdaq is down 327.15 points or 1.9 percent at 16,496.01 and the S&P 500 is down 56.43 points or 1.1 percent at 5,340.20, while the narrower Dow is posting a more modest loss, down 100.87 points or 0.3 percent at 40,268.09.
The weakness on Wall Street comes amid a steep drop by shares of Nvidia (NVDA), with the AI darling plunging 7.2 percent on the day.
The slump by Nvidia comes after ...