Trading sessions continues the drop as Major Indices marks worse records
This led to the concerns about COVID-19 rebounding to amplify further emphasizing the brutal drop of all the benchmark equities. This is now the third day on their losing streak, with NASDAQ Composite Index, S&P Index, and the Dow Jones Industrial Average crashing down at least a 2% today. It is said that tech stocks had not experienced a worse day performance since March 18, which is also true for the Dow since January.
Let’s take a look at the major moves today:
Stocks and Treasuries:
– The Dow Jones Industrial Average dropped by 681.76 points or 1.99% and closed at 33,587.68.
– NASDAQ Composite Index wrapped at 13,031.68 after losing 357.75 points or 1.99%.
– The S&P 500 Index crashed at 4,062.98, decreasing by 89.12 points 391165%.
– Japan’s Nikkei 225 went low by 1.80% or 517.80 points and closed to 29,330.18
– Hong Kong’s Han Sen stepped down at66 points or 0.40% gain
– U.S. 2 Year Treasury yield increased by 0.020 basis points or 14.94% and closed at 0.155.
– U.S. 5 Year Treasury yield went up by 0.005 basis points or 0.62% at 0.798.
– U.S. 10 Year Treasury yield gained 0.007 basis points or 0.45% and ended 1.578.
Commodities and Currencies:
– Gold down to $81,821 per ounce after losing $14.44 or 0.81%
– Silver currently at $27.58 per ounce with a 0.90% lost or $0.04.
– Western Texas Intermediate Crude dipped by 0.23% and now at $65.16 per barrel.
– Brent crude at $68.40 per barrel after dropping by 1.39%.
– U.S. Dollar Index up by 0.06% at 90.77.
– Euro up by 0.08% closing 1.20804 vs USD.
– Yen increased by 0.03% at 109.685 against USD.
– British Pound down by 0.06% at 1.4049 versus USD.
– Canadian Dollars gained 0.03% at 1.21332 vs USD.
Another incident stirring the possibility of price increase on market rates is the weekend cyber-attack which drove the gas cost to increase nationwide while announcing shortages. This roused the investors thoughts about the demand surging to be followed by the pricing to rapidly rise.
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