2014-01-25 Weekend Market Update (Stocks Have Worst Day In 7 Months)
Weekend Market Update
Stocks Have Worst Day In 7 Months
Friday’s equity sell off resulted in the worst daily decline since June of last year. The S&P 500 (SPX) and the Dow Jones Industrial Average (DJIA) dropped 2.63% and 3.52%, respectively. Of the three major U.S. indices, the Nasdaq-100’s weekly decline of 1.39% was the least worst. Volatility (VIX) soared 45.82% to to a four month high of 18.14 in the spot Volatility Index.