S&P 500 down 120 points
The S&P 500 is down 120 points, or 4.2%, to 2645 as a panic sets into the market.
The Dow is down 5.5%. For reference, the Dow fell 7% the day the TARP vote failed.
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This is a something akin to a crash now
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- Nasdaq corrects lower in trading today, but backs into support target area.
- Oil falls further on a report that Iran could be allowed to immediately sell oil
- Crude oil down sharply and tests a swing area target.
- Nasdaq falls as some of the momentum names reverse. SpaceX gives back some gains
- Semiconductors struggle as financial and consumer sectors shine
- The RBA rate decision (rates unch) did little to break the AUDUSD one way or the other.
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