The NASDAQ didn't fare quite so well, it opened down 119 points (5%) and closed 47.75 points down from Friday, about 2%. Some of the biggest losers were in the tech sector, with Intel down 2%, Google down 2.7%, Microsoft down 3.2%, Cisco down 3.4%, Apple down 3.5%, Yahoo down 4.4% and Oracle down 6.8%. Of the most actives on the NASDAQ, only Research In Motion and Starbucks posted gains, 1.7% and 0.05%, respectively.
Apple released their earnings and sales data shortly after market close and is currently trading down another $18 (11.6%) in after-hours trading.
Declines outnumbered advances on the NASDAQ by 2 to 1, but on the Big Board the bears lead by only 18 to 13.
So far, I'm only down $1000 on the day (it'll be another 90 minutes or so before mutual fund numbers come in). You know the market is in the toilet when you're happy that you've lost only $1000.