Major US stock indices all move sharply lower for the second consecutive day. The S&P index in the NASDAQ index closed down
6%.
The final numbers are showing:
- Dow industrial average -2231.07 points or -5.5% or 38314.86
- S&P index -322.44 points or -5.97% at 5074.05..
- NASDAQ index -962.82 points or -5.82% and 15587.79.
- Russell 2000-83.51 points or -4.37% and 1827.03
The trading week for each of the major indices was the worst going back to the 2020 pandemic
- Dow industrial average fell -7.86%.
- S&P index for -9.08%
- NASDAQ index fell 10.02%
- Russell 2000-9.70%
For the trading year the major indices are all down sharply:
- Dow industrial average -9.94%
- S&P index -13.73%
- NASDAQ index -19.28%
From the all-time highs for the major indices:
- Dow industrial average is 14.99%
- S&P index -17.77%
- NASDAQ index -22.85%
- Russell 2001 25.93%
Looking at the Magnificent 7 for the year:
- Nvidia -29.77%
- Meta -13.80%
- Microsoft -14.63%
- Alphabet -23.09%
- Apple, -24.77%
- Amazon -22.06%
- Tesla -40.71%
No matter how you look at it, the numbers are not good.
