The major US indices are closing near session lows, and in the process is extending the losing streaks:
- Dow and NASDAQ are down for the fifth consecutive day
- S&P is down for the fourth consecutive day
- NASDAQ is closing near its all-time - 20% off it's all-time intraday high
- S&P index is closing near -12% off its all-time intraday high
A look at the closing numbers shows:
- Dow industrial average down -464.87 points or -1.38% at 33131.77
- S&P index down -79.28 points or -1.84% at 4225.49
- NASDAQ index down -344.02 points or -2.57% at 13037.50
- Russell 2000 down -36.08 points or -1.82% at 1944.092
Some of the big losers today included:
- Rackspace -12.81%
- AirBNB -9.2%
- Rivian, -7.79%
- Tesla, -7.0%
- Moderna, -6.37%
- Beyond Meat, -6.21%
- Snowflake, -5.65%
- United Airlines -5.33%
- Roblox, -5.19%
- Zoom, -5.14%
Within the Dow 30:
- Cisco -3.3%
- Microsoft -2.59%
- Apple -2.59%
- salesforce -2.42%
- Visa -2.4% Home Depot -2.39%
- Caterpillar -2.38%
- J.P. Morgan -2.04%
- Honeywell -1.97%
The pain to the downside continues especially for the NASDAQ stocks
