Dow falls 946 points at the low
The major indices are all closing lower but off their lowest levels
- Russell 2000, Dow transports down 10+ percent from the highs
- NASDAQ down for the fifth consecutive day. Longest losing streak since October 2020
- Energy sector sags as oil prices tumble. Crude oil has its worst day since September 2020
- All 11 sectors of the S&P are lower. Technology fell 1.39%, discretionary fell -1.12%. Energy fell -3.60%. Financials fell -2.79%. Materials fell -2.17%.
- All 30 Dow stocks are lower. It is the worst day of the year for the Dow and the worst day since October
- S&P and NASDAQ has the worst day in 2+ months
- The S&P index dipped below its 50 day moving average but has rallied above the level into the close
A look at the closes shows
- S&P index -68.65 points or -1.59% at 4258.51. That is above its 50 day moving average at 4240.31. The low dipped to 4233.13 before rebounding modestly into the close . The high reached 4296.40.
- Nasdaq fell -152.25 points or -1.06% at 14274.98
- Dow fell -725.81 points or -2.09% at 33962.04
- Russell 2000 fell -32.54 points or -1.48% at 2131.22
The biggest Dow decliners were:
- Boeing, -4.93%
- American Express, -4.24%
- Honeywell, -4.16%
- Dow -3.72%
- Walt Disney, -3.58%
- Travelers, -3.25%.
The smallest Dow loser was:
- Procter and Gamble, -0.04%
- Walmart, -0.23%
- SalesForce, -0.39%
- Amgen, -0.42%.
Other big losers today included:
- MasterCard, -5.6%
- United Airlines -5.54%
- Exxon Mobil, -4.99%
- Schlumberger, -4.3%
- American Airlines, -4.24%
- Delta Air Lines, -3.74%
- Emerson, 123.55%
- whirlpool, -3.4%
- Stryker, -3.37%
Some winners today included:
- Novavax, dollars 12.70%
- livePerson, +7.55%
- Chewy, +6.83%
- DoorDash, +4.86%
- Nvidia, +3.41%
- GameStop, +2.63%
- Roblox, +2.17%
- GoodRX, +1.99%
This article was originally published by Forexlive.com. Read the original article here.