money Stocks sink, Dow closes over 470 points lower on Friday
US equity markets (^DJI, ^IXIC, ^GSPC) sink lower to end Friday's session, closing the trading week lower for the second consecutive week. The Dow Jones Industrial Average fell by over 400 points, the second time this week. Yahoo Finance's Jared Blikre reviews the intraday market action, eyeing market volatility (^VIX) and sector losses at the end of the trading day.
For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.
This post was written by Luke Carberry Mogan.
Video Transcript
- It has been a down day and a down week for the most part. And let's check out the intraday price action in the Dow over this weekend. From the upper left to the lower right, Dow just over 2%.
A little bit choppier in the NASDAQ. You can see we got a big bump up Thursday after that big drop on Wednesday. S&P 500 also mostly down in the Russell 2000.
The worst of all down 3%, regional banks really drawing down some of those numbers there. Here is the VIX we were just talking about this earlier up to 17. That is the highest in a few months.
But not anything to write home about. We also want to take a look at bond volatility. That is up over these five days as well. And now, we can head toward our sector action where we have all 11 sectors in the red this week. Utilities the least worst off. Materials the worst.
But let's check out what happened over the last five days. A lot of dark red here. Financials down 3.6%. A lot of that just happening today.
Want to check in on the big bank action as well. And let's see if we can pull that up there. Well, doesn't look like I have that. So let's kick it off back to you there, Josh.
