Still at session lows
The S&P 500 continues to struggle at session lows with a 1.5% decline. The Nasdaq is down 2.9%, while the Dow is down "just" 0.8%.  Today is the biggest intraday decline in the S&P 500 since early March, so it's easy to see why some investors are feeling a bit uneasy, but it's worth reminding that the S&P 500 had a strong April. It's normal to have profit-taking interest, but the uncertainty of how much further down we have to go before investors buy the dip is a bit unsettling. The S&P 500 is currently 3% above its 50-day moving average (4132), which has been a strong measure of support over the past year. Overseas, the major European indices closed lower. Germany's DAX underperformed with a 2.5% decline, followed by more modest declines in the UK's FTSE (-0.7%) and France's CAC (-0.9%). The Europe Stoxx 600 declined 1.5%.