The S&P 500 Index ($SPX) (SPY) is down -1.15%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.19%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -2.19%. December E-mini S&P futures (ESZ26) are down -1.36%, and December E-mini Nasdaq futures (NQZ26) are down -2.47%.
A heavy bout of risk-off selling has pushed both tech stocks and the broad market lower. Investors have resumed dumping chip and AI-related stocks, and the broad market has fallen as they reduce stock exposure and cover losses. Both gold and crypto are also trading lower as investors lick their wounds and raise cash. Bonds have benefited, with the 10-year T-note yield down by a hefty -11 bp.
