The S&P 500 Index ($SPX) (SPY) fell -1.21%, the Dow Jones Industrial Average ($DOWI) (DIA) rose +0.02%, and the Nasdaq 100 Index ($IUXX) (QQQ) fell -2.90%. December E-mini S&P futures (ESZ26) fell -1.18%, and December E-mini Nasdaq futures (NQZ26) fell -2.79%.
A heavy bout of risk-off selling pushed both tech stocks and the broad market lower. Investors resumed dumping chip and AI-related stocks, and the broad market fell as investors reduced stock exposure and covered losses. Gold and crypto are also fell as investors licked their wounds and raised cash. Bond prices benefited, with the 10-year T-note yield plunging -16 bp.
