S&P 500 ends up, little changed for week after Monday's steep selloff
Fri August 9, 2024 4:52 PM
Uncertainty dominated the day as the indexes swung wildly back and forth several times between red and black, with the Dow at one point being down some 200, at another up some 200, but finally closing up 51 as investors struggle to make sense of recent events, dealing with recession fears and trying to find a bottom. The good news is that the Dow has today recovered more than 800 of the 1,000+ points lost on Monday and the overall indexes ended the week down only slightly, the S&P -0.05%, the Dow -0.6%, the Nasdaq -0.2%. The VIX has fallen again, today down over 14 points to just over 20, vs over 35 on Monday, indicating nerves are starting to calm. All eyes are now on CPI and retail sales coming next week. Volume was again below the 4-week average of 12.6 billion coming in at 11.1 billion.
DJ: 39,446.49 +683.04 NAS: 16,660.02 +464.22 S&P: 5,319.31 +119.81 8/8
DJ: 39,497.54 +51.05 NAS: 16,745.30
+85.28 S&P: 5,344.16
+24.85 8/9
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