Declines led by the Nasdaq
The US stocks continue to take it on the chin led by the Nasdaq index which is down nearly 3% (down 3.04% currently) on the day and trading at new session lows.. The S&P is down 1.75%. and the Dow is down 1.38%.
Momentum names are getting hurt the most with Facebook down $6.75 or >6%, Amazon is down $33 to $503 or >6%. Those are nothing compared to Linkedin which is down 42% today.
It may not seem it but the S&P is still off the lows from August and September 2015 and the lows from January at 1812.29. It currently trades at 1882.
