Market Recap - February 28, 2020
Markets Charge Positive in Final 15 Minutes to End Volatile Week
Closing numbers for major indices:
Dow 30: 25,409.36 -357.28 (-1.39%)
Nasdaq: 8,567.37 +0.89 (+0.01%)
S&P 500: 2,954.22 -24.54 (-0.82%)
Commodity prices:
Oil: 45.26 -1.83
Gold: 1,587.30 -55.20
Silver: 16.68 -1.055
Notes and Bonds:
10 year Note: 1.163% -0.136
30 Year Bond: 1.684% -0.099
Currencies:
USD Index: 98.45 -0.55
Dow Loses 12% in One Week
The Dow posted two declines of more than 1,000 this week. Thursday’s loss of 1,192 points was the Dow’s biggest one-day point loss on record. The Dow also ended the week down 14% from a record high.
All 30 Dow members ended the week down more than 10% from their respective 52-week highs. Apple even dipped into a bear market, briefly trading down more than 20% from its intraday record set on January.
The benchmark 10-year Treasury yield broke below 1.15% for the first time ever on Friday. The rate started the week hovering around 1.4%. Meanwhile the VIX surged to 49.15, its highest intraday level since February 2018.
The S&P Futures traded up 85 points in the final 15 minutes of Friday trading, a truly remarkable move
Dow 30: 25,409.36 -357.28 (-1.39%)
Nasdaq: 8,567.37 +0.89 (+0.01%)
S&P 500: 2,954.22 -24.54 (-0.82%)
Commodity prices:
Oil: 45.26 -1.83
Gold: 1,587.30 -55.20
Silver: 16.68 -1.055
Notes and Bonds:
10 year Note: 1.163% -0.136
30 Year Bond: 1.684% -0.099
Currencies:
USD Index: 98.45 -0.55
Dow Loses 12% in One Week
The Dow posted two declines of more than 1,000 this week. Thursday’s loss of 1,192 points was the Dow’s biggest one-day point loss on record. The Dow also ended the week down 14% from a record high.
All 30 Dow members ended the week down more than 10% from their respective 52-week highs. Apple even dipped into a bear market, briefly trading down more than 20% from its intraday record set on January.
The benchmark 10-year Treasury yield broke below 1.15% for the first time ever on Friday. The rate started the week hovering around 1.4%. Meanwhile the VIX surged to 49.15, its highest intraday level since February 2018.
The S&P Futures traded up 85 points in the final 15 minutes of Friday trading, a truly remarkable move
The Dow traded up 700 points in the final 15 minutes of Friday trading
The Nasdaq finished the day in positive territory, more than 400 points off the low
Gold
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Oil trades below $44
VIX almost reaches $50
10-Year yield reaches 1.15%
Nab
More to come Thank you