Stocks were down across the board in a broad market selloff fueled by the continuing decline of crude oil prices. The Energy sector led the dive falling by nearly 4% as crude oil fell to nearly six year lows. Adding to the bearish sentiment, Greek Prime Minister Antonis Samaras warned of a possible Greek default and exit of the EU as that country heads into elections in three weeks. The European markets saw large declines and the Euro fell to nine year lows against the Dollar.
Market Radar - % Change
Nymex crude fell for the third consecutive session dipping below $50 per barrel for the first time since 2009 before settling at $50.04 down 5.03% or $2.65. Gold was the sole winner today climbing $17.8 to settle at $1,204.00 up 1.5%
The Dow Jones Industrial average shed 331.34 points to close at 17,501.65 down 1.86%. The S&P 500 fell for the fourth consecutive session for the first time in over a year losing 37.62 points or 1.83% to close at 2,020.58.
The NASDAQ lost 1.57% to close at 4,652.57 down 74.24 points while the tech heavy NASDAQ 100 fell 1.64% or 69.28 points to close at 4,160.96.
The Small cap Russell 2000 closed at 1,181.35 after losing 17.45 points or 1.46%. The FOX50 was down 1.76% closing at 1,413.80 down 25.3 points.