Dow Suffers Largest Drop This Year
Stocks plunged in Thursday’s session with the Dow giving up nearly
450 points briefly before finishing down 311 points. This was the
worst one day drop of the year, which caused investors to move
money into bonds. The early selloff was fueled by new home sales
data that continued to be disappointing. New home sales fell 6.6%
last month, the largest percentage drop since sales fell by 12.7%
in January.
Crude oil futures for September delivery rose
1.2% to $74.95 a barrel on growing concern about falling supplies
in the U.S. Gold futures for
August delivery fell 1.7% to $675.10 an ounce. To read today’s futures market recap,
click here.
Around Europe, Germany’s DAX index fell 2.4% to 7,508.96, France’s
CAC 40 dropped 2.8%, and Britain’s FTSE 100 index lost 3.2% to
6,251.20.
TradingMarkets subscribers have access to
16 quantitative
stock indicators and another
17 quantitative market bias indicators. These indicators are derived from
our proprietary database that includes millions of trades, and designed to give
you a short-term trading edge.
Each day, we provide free open access to one of these proprietary stock
indicators. If you would like to access all 16 stock indicators, 17 market bias
indicators, along with many other tools, click here for a free
7-day TradingMarkets trial.
Stocks in Motion |
|
 |
| Market Snapshot | ||||||||||||||||||||||||||||||||||||||||||||
|
|
Strongest/Weakest Sectors |
||||||||
|
Â
Economic News |
|
|
Darren Wong
Associate Editor
darrenw@tradingmarkets.com
Join TradingMarkets Director of Education, Steve Primo, as he teaches a
number of quantitative strategies that can potentially give you an edge in your
trading.
Sign up now for one of our free training classes and start learning how to
become a better trader.
Â