2013-08-31 Weekend Market Update (Worst Month For Stocks This Year)
Posted on August 31st, by Mitchell Warren in Options Risk Management, Weekend Market Updates. Comments Off on 2013-08-31 Weekend Market Update (Worst Month For Stocks This Year)
Weekend Market Update
Worst Month For Stocks This Year
Heading into the unoffical start of Fall, U.S. equities had their worst monthly decline of 2013. The S&P 500 (SPX) fell 3.13% in August and shed 1.84% for the week. The Nasdaq 100 (NDX) and the Dow Jones Industrial Average (DJIA) dropped 1.62% and 1.33% this week, respectively. Volatility (VIX) soared 21.67% to close at 17.01, but was well off of Friday’s intra-day high of 17.81.