Nasdaq falls 2%, S&P 500, Dow Jones, yields also slide

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The stock market is struggling Monday with few catalysts and selling in growth sectors.

The Nasdaq (COMP.IND) -2%, off 233 to 11,402, is the weakest among the major averages. The S&P (SP500) -1%, down 39 to 3,860, and Dow (DJI) -0.3%, off 103 to 31,237, are also lower.

All S&P sectors are lower, with Communication Services the weakest as social media struggles on Twitter’s selloff. Healthcare is the smallest decliner.

Rates are backing off as well. The 10-year Treasury yield is down 12 basis points to 2.98% and the 2-year is down 6 basis points to 3.06%.

In commodities, crude oil is lower, but natural gas futures are surging as Nord Stream 1 goes offline for maintenance.

“The worst case (total stop of gas flows) brings recession and probably another 10% fall by the euro from here,” Kit Juckes, FX analyst at SocGen, wrote. “The best case, continuation of the status quo, leaves markets nervous and the euro only able to manage modest short-covering relief.”

Among active stocks, casino stocks the list of biggest S&P decliners after Chinese regulators closed Macau.