Stocks fell sharply in volatile trading at the close on Thursday, Oct. 11, pushing the Dow's two-day losses to more than 1,300 points and sending the Nasdaq into correction teritorry a day after tech stocks went into a tailspin.

Both the Dow and S&P 500 on Wednesday logged their largest losses on a percentage basis since Feb. 8. 

The Dow Jones Industrial Average fell 546 points, or 2.1%, to 25,053, the S&P 500 was down 2%, and the Nasdaq fell 1.25%. Leading the Dow lower were Pfizer Inc. (PFE) , McDonald's Corp. (MCD)  and Chevron Corp. (CVX)  . Energy giant Chevron declined after oil prices fell following an increase in U.S. crude supplies for a third straight week.

"The sellers have swamped the market and continue to dump stocks with every rally up, signaling the end of the selling is not quite over," said Bob Lang, founder of ExplosiveOptions.net and a contributor to TheStreet.com's Trifecta Stocks Newsletter.

"Perhaps some capitulation has been met with the heavy concentration of selling that occurred late in the day, but it remains to be seen. There needs some sideways action for a bit before calling an 'all clear'," Lang said. Read more at The Street