Worst day for the Dow since December The main indices are buying and selling down sharply with the Dow closing
Worst day for the Dow since December
The main indices are buying and selling down sharply with the Dow closing at the lows and down -800 points and -Three.05%.
The Nasdaq was additionally down over -Three% (or -Three.02%). The S&P was the most effective relative performer with solely a 2.93% fall on the day.
For the Dow, the index closed beneath its 200 day MA right now (at 25584.95), however not beneath the low from lasst week at 25440.39. The 38.2% of the transfer up from the December low is available in at 25226.57. A 10% correction from the excessive would take the index to 24673 (which can be close to the June low). As unhealthy as it’s right now, the value remains to be off the early June lows.
For the Nasdaq, it fell -Three% right now however is 110 points from the August low. A 10% decline from the excessive (regular correction) would take the index about 250 points decrease (to 7518 space). The 200 day MA is at 7569.29 forward of that 10% retracement.
The closing numbers are displaying:
The S&P index fell -85.72 points or -2.93% at 2840.60. The low reached 2839.64The NASDAQ index fell minus 242.42 points or -Three.02% at 7773.93. It’s low reached 7762.87The Dow fell -800.49 points or -Three.05% at 25479.42. The low reached 25471.59.
Below is a graphical look at the % modifications for the North American and main European indices:
Financials have been notably beat up right now. Deutsche Bank fell -7%. Citigroup fell -5.28%. BankAmerica fell -Four.69% and J.P. Morgan Chase fell -Four.17%. Most financials did worse then the most important indices (see desk beneath).