NASDAQ index down 5%. Dow industrial average down 6.95%

Stocks continue to get hit as the last half-hour trading begins.

  • The S&P index fell below the 3000 level to 2999.49. The current price is at 3002-187 points or -5.82%. The S&P index fell below the 200 day moving average the 1st time since June 4. The 200 day moving average comes in at 3013
  • NASDAQ index is trading down over 510 points or -5.11% at 9507.18.
  • Dow industrial average is the hardest hit with a -6.94% decline to 25,118 currently.

Other highlights

  • The Dow and S&P are down for the 3rd straight day.
  • The NASDAQ index is down for the 1st time in 5 days. Yesterday the index closed at a record high level and above 10,000 for the 1st time on record.

In other markets:

  • crude oil is getting hammered and down $-3.92 or -9.9% to $35.68
  • spot gold is trading down $-10.65 or -0.61% at $1728.03

US 10 year yields are down 6.38 basis points to 0.662%. The 30 year bonds are down -10.1 basis points to 1.405%