Nasdaq down 3.3%, S&P down 2.55%
The US stocks continue to tumble lower with the NASDAQ falling by 3.3% and the S&P now down by 2.61%. The Dow industrial average has fallen over 300 points as well. Biotech shares continue to slump with Gilead down nearly 5% and Celgene down 3%. Apple and Facebook are also down on the day with Facebook down over $4 and Apple shares down $1.87 despite favorable/record iPhones sales over the 1st weekend of sales.