We have mentioned earlier what triggered a two-day sell-off in stocks in our Indications column. It is a combination of weak data out of China on Thursday, which triggered a selloff in Argentine peso, which snowballed into selling other emerging-markets currencies today. In the U.S. earnings have been less than stellar.
Selling on the main indexes has intensified in the last hour of trading session. Volumes on the NYSE are also about 14% higher than the average volume in the past 30 days.
SPX >/quotes/zigman/3870025/realtime SPX -1.8%
DJIA >/quotes/zigman/627449/realtime DJIA -1.7%
RUT >/quotes/zigman/2759624/realtime RUT -2.5%
This news has been published by title Dow Records First Triple Digit Drop Since Jan., As Stocks Fall Broadly
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