December has been the worst since 1980, but how will it end?
- US Market
- 3 months ago
Following the correction of the DJIA and the worst possible start to market trading since December of 1980 futures for the main indexes are not looking too good at the start of the week as the Dow slides down 200 points on opening.
Dow futures were down 0.3% while the Nasdaq-100 and the S&P500 both fell behind by 0.1%.
Adding to the woes is the numbers clearly showing the same indexes almost erasing their gains for the year in just one month, the Dow is down 10.6% from its 52-week highs, the Nasdaq 15% and the S&P500 11.6%.
However out of the three, the one to notice is the S&P500 as nearly half its stocks are in bear territory along with the FAANG stocks, bar alphabet, were in bear territory as of closing on December 14.
And just to be clear on the numbers, Apple is down 29%, Facebook slid 34%, Amazon dipped 22% and Netflix retreated by 37% following their highs.
It will be an interesting few weeks before the close of the year.
Source: Smart Trend Team