Dow down over 400 points

Nasdaq down -1.5%. S&P down 1.3%

The Dow is down -400 points or -1.55% after the much we can expected Markit PMI data for May.

The NASDAQ index in society also down sharply with the NASDAQ trading -1.5%.

New home sales will be released at the top of the hour with expectations of 675K annualized sales pace