Drudge Retort: The Other Side of the News

Drudge Retort

User Info

claudio

Menu

Special Features

Monday, August 05, 2024

Wall Street's stock sell-off intensified in a major way Monday as concerns mounted over the health of the US economy. The Dow Jones Industrial Average (^DJI) fell over 1,000 points. The Nasdaq Composite (^IXIC) was crushed by more than 3.4%. The S&P 500's (^GSPC) losses cascaded nearly 3% in its worst day since 2022, capping its worst start to any month since 2002. Wall Street's "fear gauge" " the CBOE Volatility Index (^VIX) " touched its highest level since the early days of the COVID-19 pandemic, before retreating. Treasury yields fell, with the benchmark 10-year Treasury yield (^TNX) hovering near 3.8%.


Comments

Drudge Retort
 

Home | Breaking News | Comments | User Blogs | Stats | Back Page | RSS Feed | RSS Spec | DMCA Compliance | Privacy | Copyright 2024 World Readable