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.
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!
US oil finishes below US$40 for first time since 2009
ReplyDeleteOil 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
so uncle
ReplyDeletewhat is your advice?