Stocks are rolling over, Dow down 230 (SPX, SPY, DJI, IXIC, DB, TLT, TLO)
US stocks slid in trading on Thursday after more worrying headlines about Deutsche Bank sent that firm's shares lower.
At 1:52 p.m. ET, the Dow is down 209 points (1.14%), the S&P 500 is down 22 points (1.09%), and the Nasdaq is down 54 points (1.05%).
Deutsche Bank's US-listed shares fell by as much as 7% following a Bloomberg report suggesting that a number of hedge fund clients have started shifting business to other banks.
The stock fell to a record low on Monday amid concerns over a $14 billion settlement the bank may have to pay US authorities over an investigation into sales of mortgage-backed securities.
US government bonds gained amid the sell-off in stocks. The benchmark 10-year Treasury yield fell one basis point to 1.551%.
Here's the Dow's drop intra-day:Investing.comAnd here's the decline in Deutsche Bank's shares:Investing.com