US stocks close on the lows. Nasdaq hits correction territory

Nasdaq takes a dive

A few attempts to bounce intraday fell flat and stocks finished near the lows of the day. The S&P 500 fell  while the Nasdaq’s 4% drop extended the decline since last Wednesday’s record high above 10% — an unofficial correction.
The Nasdaq is now just 1.0% away from wiping out the entire August-Sept gain. Tesla shares fell 21% on the day, its worst ever one-day loss.
Nasdaq takes a dive
  • S&P 500 -95 points to 3331
  • Nasdaq -465 to 10847
  • DJIA -632 to 27,500