Since then, the S&P 500 has fallen to levels around 1628 from 1641, and is now down 0.5% on the day.
Meanwhile, the dollar-yen exchange rate just took a vicious break through ¥95 to the downside as the yen strengthens, unwinding the world's hottest currency trade. Right now, it's trading just off its lows near ¥94.15.
The strengthening of the yen is adding to a sense of "risk-off" this morning and putting further pressure on stocks.
The yield on the 10-year Treasury note is 4 basis points lower to 2.11%.
More From Business Insider
- The Market Has Made A Staggering Comeback
- 10 Countries That Are Losing A Fortune On The Collapse In Gold
- The Market Is Getting Pounded
- Stocks & Offerings