(CNBC) Stocks fell sharply on Thursday, adding to already steep losses for the month of October.
The Dow Jones Industrial Average dropped 327.23 points to 25,379.45, led by declines in Caterpillar. The S&P 500 fell 1.4 percent to 2,768.78 as the consumer discretionary and tech sectors lagged. The Nasdaq Composite pulled back 2.1 percent to close at 7,485.14. Overseas, China’s Shanghai Composite dropped sharply.