The US major market indices all ended the trading day in the red on Thursday. Falling oil prices continue to drag down global equities, as Wall Street’s losses were preceded by widespread losses in Europe especially. The financial sector in particular has been on a steep downturn. As a result, investors are seeking refuge in US treasury bonds and gold. Gold futures ended the day up more than 4%, while the yields of US treasury notes continued towards 52-week lows.
See the following visualizations which highlight a number of relevant figures regarding Thursday’s tumultuous trading day.
Major U.S. Market Indices Value Over Time – YTD
Jim Chanos has a new short target in his sights. Earlier this week, the hedge fund manager disclosed that he is betting against "legacy" data centers that face growing competition from the trio of technology giants, which have previously been their biggest customers. The fund manager, who is best known for his winning bet against Read More
Financial Sector Downturn
Indexed Compare: Dow Jones Industrial Average and Crude Oil
U.S. 10-Year Treasury Note
U.S. Treasury Constant 1 Year – 1 Year
NYMEX Gold Futures #1 (Settle)