US stocks plunge as major indices break winning streaks
<p>Major US stock indices finally fell in unison. </p><p>The NASDAQ and the S&P both fell around -1.50%. The Russell 2000 was the biggest decliner with a fall of close to -1.9%. The Dow and NASDAQ nine-day winning streaks were broken. </p><p>The final numbers are showing:</p><ul><li>Dow Industrial Average fell -475.55 points or -1.27% at 37082.40</li><li>S&P index felt -69.99 points or -1.47% at 4698 .37</li><li>Nasdaq index fell -225.29 points or -1.50% at 14777.93</li></ul><p>The smaller Russell 2000 was the biggest loser with a decline of -38.11 points or -1.89% at 1982.83</p><p>Looking at the US debt market, it wasn't about interest rates, as they continued to fall:</p><ul><li>2-year yield 4.356%, -8.0 basis points</li><li>5-year yield 3.857%, -7.5 basis points</li><li>10-year 3.861%, -6.3 basis points</li><li>30-year yield 3.992%, -4.5 basis points</li></ul><p>Looking at other markets:</p><ul><li>Crude oil gave up earlier gains and is now trading down $-0.13 or -0.18% at $73.81. The high price extended to $75.37. The low reached $73.60</li><li>Gold fell -$10.76 or -0.52% at $2029.39</li><li>Bitcoin is trading at $43,500. That is all off the low of $42,207. The price raised $44,291</li></ul>
This article was written by Greg Michalowski at www.forexlive.com.
Leave a Comment