2014-08-03 Weekend Market Update (The Dow Turns Negative For The Year)
Posted on August 3rd, by Mitchell Warren in Options Risk Management, Weekend Market Updates. Comments Off on 2014-08-03 Weekend Market Update (The Dow Turns Negative For The Year)
Weekend Market Update
The Dow Turns Negative For The Year
Equities close out the week and month on a sour note, finishing negative for the month of July. The Dow Jones Industrial Average (DJIA) fell 2.75%, which puts it in negative territory for 2014. The Nasdaq-100 (NDX) and the S&P 500 (SPX) dropped 2.16% and 2.69% for the week, respectively. Volatility soared as the spot Volatility Index (VIX) rose 34.2% to close at 17.03.
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