24 Aug 2015
Wall Street closing: what a day and going down in history
FXStreet (Guatemala) - Wall Street closed after a remarkable come back on one of the most turbulent days across Global markets investors have ever seen.
U.S. stocks dropped more than 3.5 percent today after scaling back the session lows in big volume trade following on from a turbulent Asian session that opened on fears of slowing growth in China and subsequent global implications for financial markets, leaving left investors scrambling for safe havens and away from equities.
The S&P 500 ended nearly 80 points lower, although a far sight better off that from the session lows and a correction of over 100 points lower, techs being the worst hit.
There were very large cumulative trade volumes going through of almost 14 billion shares, which is the highest volume day since Aug. 10, 2011.
The Dow Jones industrial average finished the day 588 points down after trading over 1000 points lower at one stage in the day and back up to just 110 points lower at one stage making it the largest round-turn day in history.
U.S. stocks dropped more than 3.5 percent today after scaling back the session lows in big volume trade following on from a turbulent Asian session that opened on fears of slowing growth in China and subsequent global implications for financial markets, leaving left investors scrambling for safe havens and away from equities.
The S&P 500 ended nearly 80 points lower, although a far sight better off that from the session lows and a correction of over 100 points lower, techs being the worst hit.
There were very large cumulative trade volumes going through of almost 14 billion shares, which is the highest volume day since Aug. 10, 2011.
The Dow Jones industrial average finished the day 588 points down after trading over 1000 points lower at one stage in the day and back up to just 110 points lower at one stage making it the largest round-turn day in history.