Posted Date: 12/10/2018
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US stock market plunged triggered global storm financial market sell off frenzy

US stock market plunged triggered global storm financial market sell-off frenzy

According to a report on October 12, overseas media reported that Hurricane "Michael" had upgraded from a Level 3 storm to a Level 4 monster when it landed on the 10th. At the same time, a similarly rapid storm hit Wall Street: Dow Jones Industrial The average index fell more than 800 points, causing the global market to dive on the 11th, triggering a sell-off frenzy, and the market wealth has shrunk by hundreds of billions of dollars.

stock index

The Dow mad at more than 800 points

According to the US Fortune magazine website reported on October 10, the Dow Jones Industrial Average fell more than 831 points on the 10th, a drop of about 3.2%. In the last few minutes of the transaction, the sell-off increased, which scared to think of 2008 and 1987. Several other market crashes occurred in October: The Dow Jones index fell across the board and fell more than 100 points in just 5 minutes before the stock market closed. 

According to the report, this is the biggest decline since the Dow Jones index fell 4.1% on February 8 this year, and all the constituent stocks in the Dow Jones index fell. In the S&P 500, only 17 constituent stocks continued to rise that day – mainly in the dollar tree (up 1.7%), Daile (up 5.5%), Smike and General Mills (about 1.5% each) and Campbell Soup (up 5.5%) and other stocks in the recession.

The report pointed out that this is worse than the performance of the stock market crash on February 8 when there were 18 constituents of the S&P 500 index – which may be a sign that the stock market survived as the long-term bull market approached its 10th anniversary. The rate is falling. 

According to the US Newsweek website reported on October 10, as a measure of the entire stock market, especially technology stocks, the Dow Jones index fell more than 800 points for the first time this month, falling below the 26,000 mark, technology stocks experienced August 2011 The worst day since the S&P 500 index fell for the fifth consecutive day.

According to the report, October was one of the most feared months in the financial industry. The panic of 1907, the collapse of 1929 and the black Monday of 1987 all happened because of the so-called "October effect," although nothing could really explain Why October is so bad for the market, but this month has been worthy of the name.

US stock market plunged triggered global storm financial market sell off frenzy


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