apple was not off. that one, this is the nasdaq. the graph on the nasdaq. hard to remember this morning the tech heavy nasdaq sector was up. here s the precipitous drop here. another one of those stallagtites. they re off 2.3%. 150 points at this moment. here s a look at the s&p 500. the same stallagtite. there were a little green dots in the s&p 500 this morning. we knew that these markeds were volatile. everyone knew that. we ve known that since last week. last week it was down 1,100 points. everybody looked at the 30-year treasury and the cost of money and everybody head what the fed was saying. pressure, pressure for this to
i m tempted to do, you ll see something in the negative. you don t need to do that. you don t lose money until you sell. ashley webster, the final bell will start ringing in 45 seconds. where do we finish? down more than 1,000 points? maybe more sell orders coming in. looks like we ll stay below 1,000 points shep. 4.3%. the s&p 500 is off 100 points, 3.63%. the nasdaq index is now off 3.37%. 237 points in the nasdaq and a wild dow right now. 1,100 points on the dow jones industrial average. thankfully we re not at the numbers we were a few years ago where this would be an enormous percentage. today it s not. let s listen as the final bell
everyone can spend like a drunk sailor. it s been great. now we have to start coming back to reality and this is a bit of that. shepard: the nasdaq off 2.24%. s&p 500, which is what we like to look at more than maybe we show it on the screen because it involved so many more stocks, it s 500 stocks. the s&p 500 down to 2.73%. big percentages. they are big. but if you re a technical trader, you look at certain levels. if it breaks through, you think it s growing to go to the next step down. we haven t seen that yet on the s&p. what we re trying to decide and difficult to gauge because it s down to the investors in these programs, at what point do we say, okay, that s enough. now we re going to start taking advantage of the cheaper stocks. technically our dollar policy has been weak.
put into place are gone. we re in the negative now since the tax plan. just as disturbingly, the nasdaq is currently off 2.64%. the s&p 500, the broader gauge of the markets where the dow has 30 components, the s&p has 500 components, the s&p 500 which has had a historic run-up is down 3.27% on the session. what is all of this? well, you can look toward vicks sometimes for a little clarity. the vics is an indication of l volatilit volatility. it s a number that comes together with a lot of different things. but if the vics is over 30, you expect wild volatility. if it s under 20, you expect calm in the next 30 days. the vics hit 45.