"There's big fear. People are selling because they don't know what's going to happen. The news out of the BBC this morning that Iraq is getting ready for a chemical warfare is a big part of it," said Peter Green, market analyst at MKM Partners. "You've got the Dow transports crushed, gold is up and the high techs are really tanking."
Among the latest developments internationally, Spanish officials arrested 16 suspected terrorists who were reportedly preparing for attacks in Europe with chemical and explosive materials.
