Stocks are trading down today, pressured by continued anxiety over slowing global growth following the Federal Reserve’s decision to keep rates unchanged.
In the small-cap market, the Russell 2000 Index was down 1.4% at 11:30am (ET).
“It’s a market that’s gripped with fear, fear of uncertainty of the growth of the global economy and it’s own growth strength and that’s due to the Fed sending the wrong signals to the market,” said Peter Cardillo, chief market economist at Rockwell Global Capital.
The Dow Jones industrial lost more than 250 points as the major averages declined more than 1.5 percent, with the Nasdaq composite joining the other major averages in negative territory for 2015.
The blue chip index is more than 11 percent from its 52-week high, in correction territory. The S&P and Nasdaq composite remained within 10 percent of their 52-week highs.