That Was One Ugly Close

Stocks have been trending lower all afternoon, but the selling really accelerated in the last half hour or so before the closing bell at 4 PM.

The chart below shows today’s action in S&P 500 futures. Right now, they are trading at 1628.75, just off the lows of 1626.25 and down 1.5% on the day.

S&PClick to enlarge

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