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Tuesday, 25 August 2015

Dow Jones Industrial Average (^DJI) skidded 588.5 points, or 3.6%,

 YF News

Wall Street dropped on Monday in tumultuous action as traders raced into safe-haven assets amid mounting worries over instability in China and emerging markets.

The Dow Jones Industrial Average (^DJI) skidded 588.5 points, or 3.6%, to 15871.3, the S&P 500 (^GSPC) dropped 77.7 points, or 3.9%, to 1893.2, and the Nasdaq Composite (^IXIC) fell 179.8 points, or 3.8%, to 4526.3.


Trading was extremely volatile. The Dow plummeted 1089.4 points at the lows of the session. Meanwhile, the CBOE's VIX spiked 41.6%. The gauge was up an astounding 205.4% from the same day last week.
The S&P, Dow, and Nasdaq both tumbled into correction territory, having fallen 10% from a recent high. The latest round of selling stripped some $811.5 billion in market value from U.S. firms. 


4 Days of consecutive drops!


2 comments:

  1. US oil finishes below US$40 for first time since 2009
    Oil prices sank on Monday, with the US crude benchmark finishing below US$40 a barrel for the first time in six years on worries about China's weakening economy after an equities sell-off.

    POSTED: 25 Aug 2015 04:04

    ReplyDelete

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