Wow. All major indices were deep in the read when the clock struck 4 today in New York. The Nasdaq took the brunt of it with a 566 point drop, or 4.73%, followed by the S&P and the Down down 4.04% and 3.57%, respectively.
- The destruction in the stock market did push yields down on bonds with the 10-year falling 11 basis points to 2.87%
- Oil prices also took hit with the price of a barrel falling to $109.