Oct 10, 2018

Stocks have worst day since February

U.S. stocks fell sharply on Wednesday, with the Dow Jones Industrial Average losing 832 points, or more than 3%. The S&P 500 fell 3.3%, while the Nasdaq was off over 4%.

Big picture: This was the worst day for U.S. stock markets since February 8, when the Dow lost 1,175 points.

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Data: Money.Net; Chart: Harry Stevens/Axios
  • Tech stocks, including Amazon which slid more than 6%, led the carnage.
  • Yields continued their run-up, with the 10-year spiking to 3.2%
  • Wall Street's fear index, the VIX, hit its highest level since June.

The White House, meanwhile, seems to be taking things in stride:

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Axios
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