Nasdaq weekly chart
  • S&P 500 -2.8% down 136 points to 4254
  • Nasdaq-2.6%
  • DJIA -2.8%
  • Russell 2000 -2.5%
  • Toronto TSX -1.9%

On the week:

  • S&P 500 -2.8%
  • Nasdaq -3.8%
  • Russell 2000 -3.1%

This was the third rough week in a row for stocks and the Nasdaq is now within striking distance of an 11-month low.

Unless you owned Kimberly-Clark or Alibaba, it was a rough day in equity-land. The uniform selling looks like a wholesale deleveraging.

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