It was a wild week in stock markets as a huge post-FOMC jump turned into a crash lower. The Nasdaq is now down 10% from the highs, matching the mark for a technical correction.
On the day:
- S&P 500 -1.8%
- Nasdaq -2.4%
- DJIA -1.5%
- Russell 2000 -3.6%
On the week:
- S&P 500 -2.1%
- Nasdaq -3.3%
- DJIA -2.1%
- Russell 2000 -6.7%
If there is a silver lining, it’s that there was some moderate late-day buying and stocks finished off the lows.
This article was written by Adam Button at www.forexlive.com.