As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

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Saturday, 27 February 2021

Dow drops more than 460 points to end losing week on rate fears

 The Dow Jones Industrial Average swung wildly Friday to close near its session low as Wall Street struggled to shake off fears of rapidly rising rates.

The blue-chip benchmark ended the volatile session 469.64 points, or 1.5%, to 30,932.37 after trading in the green earlier. The S&P 500 fell 0.5% to 3,811.15 as energy and financial stocks pulled back. The Nasdaq Composite ended the day 0.6% higher at 13,192.34 as Big Tech names rebounded after a large sell-off in the previous session amid surging bond yields. Facebook, Microsoft and Amazon each rose more than 1%. The tech-heavy benchmark gyrated in Friday’s session where it jumped 1.9% at its high and fell as much as 0.7%.

All three major averages posted weekly losses as fears of higher interest rates and inflation deepened. The S&P 500 slid 2.5% this week for its second negative week in a row. The 30-stock Dow fell 1.8%, and the Nasdaq was the relative underperformer this week, losing 4.9%.

Hmm ... Clock has struck 12? Party ending?



4 comments:

  1. A funny video of how to handle such market scares.

    Has been working well since 2009 ... so far, lol.

    ReplyDelete
  2. Buy the crash is even Boh Behy Chow.

    Problem is if U wait for the durians, they don't drop lah.


    ReplyDelete
  3. US Market Clock spoil liao. No more striking 12 O Clock! Party never ending! LOL!

    U.S. stocks jumped sharply on Monday in a broad-based rally as stocks tied to the economic reopening jumped on vaccine optimism, while tech names rebounded from steep losses last week.

    The 30-stock Dow Jones Industrial Average jumped 603.14 points, or 2%, to 31,535.51, boosted by a 5.8% jump in Boeing. The S&P 500 gained 2.4% to 3,901.82 as all 11 sectors registered gains, posting its best day since June 5. The tech-heavy Nasdaq Composite, which shed 4.9% last week, also popped 3% to 13,588.83.

    ReplyDelete

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