Volatility was the name of the game Thursday and it left investors' heads spinning.
 | THU, SEP 10, 2020 | | | | DOW | | NAME | LAST | CHG | %CHG | | AAPL | 113.49 | -3.83 | -3.26% | | MSFT | 205.37 | -5.92 | -2.80% | | INTC | 48.96 | -0.66 | -1.33% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | AAPL | 113.49 | -3.83 | -3.26% | | GE | 6.00 | -0.16 | -2.60% | | F | 6.91 | -0.06 | -0.86% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AAPL | 113.49 | -3.83 | -3.26% | | TSLA | 371.34 | +5.06 | +1.38% | | AAL | 13.01 | -0.04 | -0.34% | |
| |
Volatility was the name of the game Thursday and it left investors' heads spinning. The major stock indexes alternated between gains and losses throughout the session as tech struggled to build on Wednesday's sharp rebound. The Dow, for example, rallied as much as 234.31 points at its high of the day. However, the 30-stock average closed 405.89 points lower, or 1.45%. The S&P 500 also rose 0.8% before losing that advance and ending the day down 1.8%. Leading Thursday's choppy moves was Apple. Shares of the iPhone maker popped 2.7% before that gain evaporated.  "It's a tricky market," said Arian Vojdani, investment strategist at MV Financial. "You look up one second and the market's down. You look down the other second and you're back up." "Investors would be amiss to try and trade on this right now," said Vojdani. Wall Street will continue paying attention to tech given its massive hold on the market. Year to date, the S&P 500 sector has rallied more than 24%. Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. |
Post a Comment