Today's decline has some interesting implications for next week which I will be discussing in the weekend update, due out tomorrow. As I write this (2:00 pm EDT) The Dow is down about 400 points, or 1.5%. But IWM, the Russell 2000 index ETF, is down over 3%. If the Dow was down 3% it would be down 800 points. Is the Russell (2,000 stocks) leading the rest of the market lower?
Dow: -1.5%
S&P: -1.6%
Nasdaq: -1.8%
Russell: -3.2%