S&P tumbles -1.81%. Dow down -1.77%. The Nasdaq loses 2.57%. OUCH!

The US stocks are ending the day with the largest declines on the year.

  • The Nasdaq was the hardest hit, falling by -2.57% or -158.63 points to 6011.234. The high reached 6122.87. The low 6009.477, not far from the closing level
  • The S&P fell by -43.64 points or 1.82% to 2357.03. The high reached 2384.87. The low came in at 2356.21.
  • The Dow fell by -372.82 points or -1.78% to 20606.93. The high reached 20846.17. The low 20601.08.

The S&P is closing below the 50 day MA for the first time since the French round 1 election gap higher, and also below a trend line on the daily chart at 2359.88 (see earlier post).

2017 big gainers took it on the chin today:

  • Apple fell 3.36%
  • Amazon fell -2.23%
  • Microsoft fell -2.78%
  • Facebook fell -3.29%
  • Google fell -2.48%
  • Netflix fell -3.90%
  • Tesla fell -3.44%

Banks were also hit on concerns the Fed might not be so inclined to raise rates.

  • Citigroup fell -4.02%
  • JP Morgan Chase fell -3.81%

It was a bad day in the equity neighborhood today.