India, July 7 -- Stocks moved sharply lower during trading on Monday, giving back ground after moving sharply higher over the past several sessions. The major averages moved to the downside in early trading and slid more firmly into negative territory as the day progressed.
The major averages ended the day off their worst levels of the day but still notably lower. The Dow tumbled 422.17 points or 0.9 percent to 44,406.36, the Nasdaq slumped 188.59 points or 0.9 percent to 20,412.52 and the S&P 500 slid 49.37 points or 0.8 percent to 6,229.98.
The early weakness on Wall Street partly reflect profited taking following the strong upward move seen over the past few sessions.
Stocks rallied last Thursday following the release of stronger than...