Sell-off continues after hours — S&P 500 futures now down 6% on the day

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S&P 500 futures were trading below the lowest level hit earlier in the stock market during Monday’s wild sell off.

The cash S&P 500, which closed at 2,648, touched 2,638 in afternoon trading, and that is the level traders are watching to see if it can act as support or signal more selling. The S&P futures were down 143 points at 2,611 in late afternoon trading, 27 points below the cash market low.

In the futures market, it was signalling selling.

The S&P 500 was down 113 points, or 4.1 percent Monday in its worst day since August, 2011.



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