spx

It's not looking good with 30 minutes left in US equity trading. The S&P 500 is down 88 points to 4499 and the NASDAQ is down 2.2%. Autodesk, Adobe and Qualcomm are among the biggest losers.

There's some support ranging down to 4451 but below that it could get really ugly. The final minutes of trading and tomorrow's session will be very interesting.