The S&P 500 is set for the lowest close since August 20 as Apple shares lead a broader tech sell off.
S&P 500 daily
The index is down 16 points to 1985 in the largest one-day loss in a month. The pain in stocks is spilling over to the US dollar. It initially began in USD/JPY in a slide to 106.19 from 106.40 but now it’s picking up momentum right across the market.
The latest move has been in EUR/USD to 1.2940 from 1.2920 in what could be the start of a long-anticipated bounce. The slump in the dollar highlights the correlation with stocks as investment flows dominate the market.
