Chipmakers and China are weighing on US equity markets.The main catalyst for the selloff was a soft guide from ASML in results that were accidentally released early. Shares of the company are down 17% and have led to 5% declines in Nvidia and AMD among other chip names. Other laggards are China stocks with JD down 9% and BIDU down 5%.It's not all bad news with cruise lines strong in a good sign for consumers and banks holding up after upbeat earnings from BAC, GS and Citi. The selling has accelerated in the past 30 minutes and the S&P 500 has now erased yesterday's record rally. This article was written by Adam Button at www.forexlive.com.
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