Panic-like selling emerges early Monday as Dow skids 2% lower, eyes sharpest selloff in 2 months

4 months ago 39

Trading successful New York Stock Exchange-listed stocks connected Monday were exhibiting panic-like-selling behaviour arsenic planetary stocks confronted a crisp selloff that has been attributed to rising cases of COVID-19, fueled by the delta variant of the deadly disease. The NYSE Arms Index, a measurement weighted breadth measurement that tracks the ratio of advancing banal to declining stocks implicit the ratio of advancing measurement implicit declining volume, was showing a speechmaking of 2.172 for NYSE-listed shares. Many technicians accidental a emergence to astatine slightest 2.000 suggests panic-like selling behavior. The speechmaking comes adjacent arsenic the Dow Jones Industrial Average DJIA, -2.34% was disconnected 2% astatine 34,018, looking astatine its sharpest one-day autumn since May 12; the S&P 500 scale SPX, -1.82% was disconnected 1.8% astatine 4,251 and the Nasdaq Composite Index [: COMP] was trading 1.7% little astatine 14,185.

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