At the close of floor trading on the NYSE, the DOW was at 8473.97 after falling 125.21 points (-1.46%). The S&P was at 870.26, down 20.09 points (-2.26%) while the NASDAQ had moved to 1538.79 with a loss of 32.80 points (-2.09%). Bonds were bought as equities sold off; the yield on the 2-year note fell 2.34 basis points to 0.7385% while yield on the benchmark 10-year note fell 7.3 basis points to 2.307%. The dollar had gains of 0.80% on the euro, 2.31% on the pound and 3.07% against Australia's dollar as it fell 1.29% to the yen.
Crude oil for February delivery was recently trading down $3.13 (-3.13%) to $37.70 per barrel.
Gold for February delivery was recently trading down $33.70 (3.94%) to $821.30 per ounce.
Previous Asian Trade: Overnight, the Japanese market was closed. The Australian S&P/Asx declined $52.40 points (1.40%) to 3,683.30.
Previous European Trade: In Europe, the U.K. Ftse fell $22.35 points (-0.50%) to 4,426.19, while the German Dax lost $64.27 points (-1.34%) to 4,719.62.