The Dow plummets for a second straight day as Nasdaq flirts with correction

The Dow plummets for a second straight day as Nasdaq flirts with correction

Wall Street had another rough day on Thursday, with the tech-heavy Nasdaq index dipping into correction territory and the Dow Jones closing 548 points down after another day of market convulsions.

Following a rocky morning of premarket trading, the major exchanges had pared their losses by midday and looked set to regain their footing. However, by mid-afternoon, the sell-off had intensified: All 11 sectors of the S&P were trading lower, the Dow had plunged by 699 points, and the CBOE Volatility Index, Wall Street’s “fear gauge,” hit its highest level since February.

via The Dow plummets for a second straight day as Nasdaq flirts with correction

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