Financial Review
Black Monday 2018
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:13:15
- More information
Informações:
Synopsis
….Stocks crash. Worst point decline ever. 2018 gains wiped out. Financial Review by Sinclair Noe for 02-05-2018 DOW – 1,175 = 24,345 SPX – 113 = 2648 NAS – 273 = 6967 RUT – 52 = 1495 10 Y – .06 = 2.79% OIL – 1.71 = 63.74 GOLD + 7.10 = 1340.00 Well, now we know what happens when the Eagles win the Super Bowl. After a 666 smackdown on Friday, the Dow Industrial Average opened down 355 points; followed by a little bit of buying that wiped out the session losses, but never enough to turn the tide. As the trading day dragged on, buyers retreated. As the Dow moved below its 50-day moving average, support collapsed, and the floor fell out of the market in programmed trading on heavy volume. The Dow briefly dipped to 23,923 – marking a 1597-point drop from the Friday close, and marking the biggest intraday point drop in Dow history, and sending the Dow down 2693 points from the recent record high on Jan. 26 – in other words, more than a 10% correction from the high. The Dow Jones Industrial Average wiped out al