IBD: "Stock Market Correction Hits New Low Point As Nasdaq Decline Is Worst Of The Year" (BA; IBM)

From Investor's Business Daily, 4:17 PM ET:

Stocks wiped away morning gains and closed sharply lower Monday, marking new lows for the stock market correction.

Selling picked up in the final two hours of trading, save for a bounce in buying in the last 15 minutes. Volumes were lower from Friday's totals on the NYSE and Nasdaq, according to early data.
The Nasdaq composite squandered a 1.8% increase to close 1.6% lower. The composite's correction has reached 13%, worse than the correction of January and February.

The S&P 500 slid 0.7% after it, too, made a bearish reversal. The S&P 500 and Dow have already wiped out all gains for the year, and the Nasdaq has only a 2% gain left.

Small caps fared relatively better, with the Russell 2000 down 0.5%. Small caps have tended to do better when trade tariff issues flare, and that was the case Monday. New threats of tariffs on Chinese imports seemed to unsettle the stock market.

Boeing Hurts The Dow
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