Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Now Stocks Are Getting Slammed Too - Dow Off 185

Matthew BoeslerApr 15, 2013, 22:24 IST

Gold is getting destroyed today.

In fact, the entire commodity complex is selling off pretty hard.

Stocks are also coming under heavy selling pressure, and unlike commodities, they are currently making new intraday lows.

Right now, the S&P 500 is down 1.5 percent, trading around $1564 (and the Dow Jones Industrial Average is down 185 points).

Thinkorswim

The biggest laggards today probably won't surprise anyone – they are mostly part of the bigger commodities theme. Freeport MacMoRan, the gold miner, is down 7.3%, while Cliffs Natural Resources is down 5.9% and Pioneer Natural Resources is 5.4% lower.

Meanwhile, homebuilders are getting hit too. PulteGroup is down 5.3%, and DR Horton is down 5.0%. Earlier this morning, NAHB's monthly index of homebuilder sentiment unexpectedly fell.