Stocks continue tumble. NASDAQ down the 300 points

<p>The stock tumble continues with the NASDAQ now down over 300 points. The index is currently down 306 points or -2.33% at 12833.50. The largest decline this year was a decline of -2.5% on February 21. </p><p>The S&amp;P index is now down 62.2 or -1.47% at 4185. It's 38.2% retracement of the move up from the 2022 low comes in at 4180.95.</p><p>The US a 10 year yield is up 11.1 basis points to 4.950%. The 30 year yield is up 12.9 basis points to 5.0917%</p><p>In the forex, </p><ul><li>The USDJPY has pushed above the 150.00 level to a high of 150.043. The swing high for the year reached 150.154 from October 3.</li></ul><p>Headlines of a ground attack in Gaza from Israeli PM Netanyahu were the latest headline news to move the market. Prior to that the 5-year note auction was met with slack demand from overseas.</p>

This article was written by Greg Michalowski at www.forexlive.com.