https://www.cnbc.com/2018/02/04/us-stocks-interest-rates-futures.html
U.S. stocks fell sharply in volatile trading Monday, extending a steep sell-off from the previous session.
The S&P 500 pulled back 2.1 percent, with financials and energy as the worst-performing sectors. The broad index had traded positive earlier on Monday as the tech sector briefly rose. The S&P 500 also traded down more than 5 percent from an all-time high set last month and broke below its 50-day moving average, a key technical level.
"Breaking the early lows of the day means the correction could go on for longer," said Art Cashin, UBS director of floor operations.
The Dow Jones industrial average traded 600 points lower, reaching fresh session lows. The 30-stock index briefly traded flat earlier in the session. The Dow also broke below 25,000 as its losses over the past two sessions also topped 1,200.
The Nasdaq composite declined 1.6 percent after rising as much as 0.5 percent. Gains in Apple and Amazon helped the tech-heavy index trade off its lows earlier in the session.
"We're not used to getting wash-outs like this anymore," said Quincy Krosby, chief market strategist at Prudential Financial. "The buy-the-dip mentality that has taken over hasn't allowed for that."
"This sell-off, in the bigger scheme of things, is not that big. But it is very important in psychological terms," Krosby said.
