STOCKS ON LOWS, VIX SPIKING
Stocks are red and falling to their lowest levels of the day.
The Dow is down 130 points, the S&P 500 is down 20 points, and the Nasdaq is down 57 points.
The VIX is also surging higher.
This plunge follows news that t hat a Malaysian airlines Boeing 777 crashed near the Russian border.
Following these reports, the price of gold spiked, and the VIX has also spiked and is now up more than 10%.
It was a busy morning before reports of the plane crash, with stocks in Europe and Russia falling after the U.S. last night announced its most recent round of sanctions against Russia.
Here's a intraday chart of the major averages, which have legged lower after an initial drop following report of the plane crash.
Google Finance
Here's the price of gold following reports of the plane crash.
FinViz
And here's the VIX late in the day.
Google Finance
In other news, this morning Microsoft announced plans to lay off up to 18,000 employees, including 12,500 from its recently acquired Nokia unit.
More to come ...
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