Nasdaq Turns Negative for the Year. Sentiment Looks 'Morose.'

A 'Sell America' theme is emerging as the Greenland dispute escalates, with Treasuries and the dollar losing favor and the Nasdaq approaching a year-to-date loss. The Dow was down 588 points or 1.2%, while the S&P 500 was down 1.3%. The tech-heavy Nasdaq, down 1.5%, is now trading at 23,160; if it settles at that level, it will turn negative for the year.