The Dow plunged into a bear market in just 20 days — the fastest 20% plunge in history - Business Insider

to enter bear market territory on Wednesday, easily making it the fastest such slide in the US stock market's history.

Past 20% declines from the index's peak took 255 sessions on average, Michael Batnick, director of research at Ritholtz Wealth Management, wrote in a MondayThe S&P 500 narrowly avoided closing in bear territory on Wednesday but is poised to join its peer index in Thursday's session.Wall Street shrugged off coronavirus concerns for weeks as the global outbreak intensified. Once investors woke up to its economic threat, violent sell-offs fueled theslid 5.

, bringing the benchmark index more than 20% from its February 12 peak. The decline marks the end of the historically long bull market and forces investors to absorb the first bear market since the financial crisis. The Dow tumbled into bearish territory over just 20 trading days, far quicker than other declines of such caliber. Past 20% declines from the index's peak took 255 days on average, with a median of 156 trading sessions, Michael Batnick, director of research at Ritholtz Wealth Management, wrote in a MondayThe second fastest bear slide took place in 1929, when the Great Crash contributed to a 36-session drop into a bear market.

Thanks China

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Dow Bounces Back, Jumping More Than 1,100 Points After Market's Terrible DayU.S. stock indexes rose nearly 5% Tuesday, after the market's worst day since 2008. The Dow also rebounded, rising 1,167 points. The jump followed President Trump's call for economic relief efforts amid the coronavirus epidemic. That bought him a couple days to follow through If it's anything like the last tax break, we'll be 2 trillion in the hole by next year and guess what, the data shows that the worst of Covid may last through 2021-2022 and we're blowing our entire strategy in our first weeks! This is bullshit
Herkunft: NPR - 🏆 96. / 63 Weiterlesen »

Dow rebounds 1,167 points a day after suffering worst plunge since financial crisis - Business InsiderTuesday saw choppy price action as investors weighed a possible government stimulus package. Indexes ultimately surged into the close. Ugh because the market is stupid and listened to nonsense that drooled out of agent oranges maw. JoeConnollybiz Why can't those algorithms make up their damn minds? The stock market chart is Trump's signature written on a downward curve.
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »