Dow Jones drops nearly 300 points as market opens, oil hits 12-year low [CHARTS]

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Dow Jones drops nearly 300 points as market opens, oil hits 12-year low [CHARTS]

On Wednesday the Dow Jones Industrial Average shed nearly 300 points just after US markets opened. All three major US market indices were down at least 1.5%, as oil prices fell to below $28 a barrel, the lowest level in 12 years. IBM dropped more than 6% after a disappointing earnings report, contributing to the Dow’s early morning woes.

See the following visualizations to highlight the YTD performance of the Dow, the 1-year returns of the US market indices, NYMEX WTI crude oil futures, and the current day performance of IBM.

Dow Jones Industrial Average Value Over Time – YTD

Seth Klarman’s 2021 Letter: Baupost’s “Never-Ending” Hunt For Information

Baupost's investment process involves "never-ending" gleaning of facts to help support investment ideas Seth Klarman writes in his end-of-year letter to investors. In the letter, a copy of which ValueWalk has been able to review, the value investor describes the Baupost Group's process to identify ideas and answer the most critical questions about its potential Read More

 

Data curated by FindTheCompany

 

Data curated by FindTheCompany

Major U.S. Market Indices 1 Year Returns

 

Data curated by FindTheCompany

 

Data curated by FindTheCompany

NYMEX WTI Crude Oil Futures #1 (Settle)

 

Data curated by FindTheCompany

 

Data curated by FindTheCompany

IBM Corporation (IBM) Stock Price – Current Day

 

Data curated by FindTheCompany

 

Data curated by FindTheCompany

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