While the markets are red across the board, they are well off the lows.  The Dow was down over 600 at one point.  The Nasdaq bounced off its 50-day moving average of 10,875 , and it may have come close enough to support of 10,851. 

Apple (AAPL) was down 8.3% at its low, and 19.6% from its high, when buyers emerged, and is currently down 0.80%.  Tesla (TSLA) was hit hard but has since turned around and is positive.

All the S&P500 sectors remain in the red.  FAANG as a whole, as well as the high growth, momentum names, especially in Communication Services and Technology have been hard hit but are attracting money off the sidelines.  

Breadth is decidedly negative.  Interestingly, stocks hitting new 52-week highs are outpacing new lows on the NYSE.

The dollar is catching a bid today up 0.4%.  U.S. Treasuries are also climbing with the benchmark 10 year yield up to 0.67%.

The market is closed on Monday for Labor Day. Enjoy the holiday weekend, be safe, and God Bless America.