Dow leads the tumble
The US stocks are opening with sharp declines with the Dow leading the way to the downside with a and opening decline of over 3.1% (it is currently rebounding a bit). The S&P and NASDAQ are still sharply lower. Recall the NASDAQ index close at a record levels yesterday and above the 10,000 level for the 1st time. It is currently trading down over 200 points.
The snapshot of the current market is showing:
- S&P index – -80 points or -2.53% at 3109.64
- NASDAQ index -205 points or -2.04% at 9817.6
- Dow industrial average -753 points or -2.79% at 26233