Home Business Surrounded global rout, U.S. stocks open sharply lower

Surrounded global rout, U.S. stocks open sharply lower

466
0
Surrounded global rout, U.S. stocks open sharply lower
Surrounded global rout, U.S. stocks open sharply lower

New York, August 24, 2015: As a rout in global markets carry on to become stronger, U.S. stocks opened sharply lower on Monday with the Dow Jones Industrial Average sliding below 16,000 for the first time since February 2014.
The Dow Jones Industrial Average was reduced by 829.79 points, or 5.04 percent, to 15,629.96 shortly after the opening bell. The S&P 500 dropped 91.72 points, or 4.65 percent, to 1,879.17. The Nasdaq Composite Index dropped  283.27 points, or 6.02 percent, to 4,422.77.
Reuters said that the New York Stock Exchange invoked a rule saying market makers don’t have to spread price signals before the opening bell in an attempt to make it easier and faster to open stocks on a rapidly changing trading day.

 

In eight years, the Chinese stock markets had their severe day with the benchmark Shanghai Composite Index suddenly falling 8.49 percent to close at 3209.91 points.
Weak economic data have increased worries that a drop-off in Chinese growth could cause a global slowdown, it has been reported.
As the Stoxx Europe 600 was down over 6 percent and Germany’s DAX fell 4 percent, European equities also reduced on Monday following previous session’s strong decline.
With the Dow fall sharply more than 500 points, U.S. stocks saw a heavy fall on Friday as a broad-based heavy sell-off in global stock markets depended on U.S. market.
Soared by 46.45 percent to end at 28.03 from Friday, The CBOE Volatility Index, often referred to as Wall Street’s fear measure.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.