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Nasdaq dangerously close to shedding all of its gains for 2018 as stock market's come under pressure

The Nasdaq Composite Index early Monday was on the verge of losing all of its gains for 2018, which would mark a stunning reversal of fortune for the index that has represented risk appetite on Wall Street throughout the market's brisk rally to records. The Nasdaq [c: COMP] was most recently off 1.9% at 6,932, clinging to just a 0.6% gain in 2018. The move lower would put the benchmark on the verge of joining the Dow Jones Industrial Average DJIA, -1.21% and the S&P 500 index SPX, -1.70% which turned negative for the year in the face of last month's sharp selloff. The Dow currently is down 3.2% for the year and the S&P 500 is off 2.4% so far in 2018.

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