Indexes were down about 2% apiece on reports of a 9% decline in U.S. retail sales in March and future downward pressure expected in oil prices.
The S&P 500 was at about 2,778.77; the Dow Jones Industrial Average at 23,420.55; the Nasdaq to 8,387.14
The yield on a 10-year Treasury bond plunged 15% to 0.64%
The price of gold declined 1.5% to $1,741.60.
A barrel of oil was flat at $20.12.
A few OC companies trended counter-market
Masimo Corp. (Nasdaq: MASI) in Irvine, each rose about 4% to $200.75 and a $10.8 billion market cap. Shares in the medical device maker are up 10% from mid-February, when markets began to decline on coronavirus concerns.
ICU Medical Inc. (Nasdaq: ICUI), in San Clemente, also climbed about 4%, to more than $213 and a $4.5 billion market cap. After falling 20% from mid-February through early April shares have recovered and are 8% higher than they were then.