Stocks give up gains and close at session lows for the 2nd consecutive day

  
Analysis, US Market

The major indices gave up solid gains on the day and are closing at the lows for the second consecutive day. The NASDAQ index and Russell 2000 were the worst performers as investors rushed for the exits..

  • The Dow industrial average gave up a 462 point gain and is closing down -313 points.
  • The S&P index was up 69.63 points or +1.54% at the highs. It is closing down -50 points
  • NASDAQ index was up 301 points at the highs. It is closing down 186 points
  • Russell 2000 was up 42 points at the highs. It is closing down -38 points
  • Netflix after close announced higher EPS and revenues in line with expectations but subscriber base was lower and announced lower revenues /earnings going forward. The stock is down over 10% after the close.
Go to top