When you have -10% days, a fall of -4.35% doesn’t sound that bad
The US stocks plunged once again today with the declines led by the Dow. Although sharply lower, a fall of over 4% does not sound so bad when we’ve endured -10% moves of late. What we know is the numbers are not pretty today/this week/YTD and over the last year.
A look at the final number for the day are showing:
- S&P index fell -104.47 points or -4.34% to 2304.92
- Nasdaq index fell -271.05 points or -3.79% to 6879.52
- Dow fell -913.21 points or -4.55% to 9173.98
For the week, the numbers were horrible as well:
- S&P index fell -14.98%
- NASDAQ index fell -12.64%
- Dow fell -17.3%
Year to date numbers for the major indices are showing:
- S&P index, -28.66%
- Nasdaq index, -23.33%
- Dow -32.81%
Finally, going back 1 year:
- S&P index, -18.39%
- NASDAQ index, -10.99%
- Dow, -25.53%
No matter how you slice it, the final numbers for the day, the week, the year to date and the year are not pretty….not pretty at all.