MARKETS CRUSHED: FLASH CRASH THURSDAY 2.0?

Update 12:20:

Germany and France hit bad in another day of European losses.

Dow down 2.7%, or 280 points

NASDAQ down 3.3%, or 76 points

S&P 500 down nearly 3%, or 33 points

Worried the European default crisis may be coming America? See what states would get hit here >
Update 11:40:

European markets have now closed, the German DAX getting hit particularly bad, losing 2.6%.

See the full scoreboard for Europe, here >
Update 11:30:

Dow down 2.03%, or 212 points.

NASDAQ down 2.7%, or 61 points.

S&P 500 down 2.26%, or 25 points.

Update 11:00:

Wondering if this is market wide? Wonder no more.

From Jason Goepfert via his Twitter:

How bad is it? Up Issues on the NYSE is at 3%. Only 2 other days since 1950 were worse, 9/26/55 and 10/19/87.$$

Update 10:50:

It’s not just American markets feeling the pressure today

France’s CAC 40, down around 2.7%

Germany’s DAX, down around 2.9%

UK’s FTSE, down around 2.5%

Spain’s IBEX, down around 2.5%

Italy’s MIB, down around 2.5%

Portugal’s PSI, down around 2.8%

Update 10:40:

Dow is now off 280, or 2.7%

S&P 500 is now down 34 points, or 3%

NASDAQ is down nearly 76 points, or around 3.3%

Update 10:25: Dow is now off 318!

S&P 500 is now down 36 points, or 3.2%

NASDAQ is down nearly 80 points, or around 3.5%

Update 10:15: Dow now off 250!

Update 10:00 AM: Dow still off about 200. NASDAQ the worst down 54.

Update 2: The market is now open. The Dow is off 170 over 211. The NASDAQ is getting bludgeoned, down 48, or over 2%. Paris is off about 3%.

Update: Things are getting really ugly in the US. S&P futures are down 2.0% following some ugly jobless numbers, and the flood of pictures from Greece. Also note the big time selling in commodities, both industrial and precious.

Don’t miss: exclusive pictures of the Greek protests >

Original post: Today is feeling frighteningly similar to the day of the Flash Crash, May 6, which happened to be exactly two weeks ago.

For one thing, it’s a Thursday. For another thing, Greeks are amassing in protest. And the markets are already selling off hard.

Right now Dow futures are off over 150, and France’s CAC-40 is off over 2%.

Gold is also sharply lower.

Here’s France:

chart

Photo: Yahoo Finance

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.