The S&P 500 dropped 1.45% last night, with the other major indices down over 1%, as investors sold shares amid an escalation of the war of words between the USA and North Korea.
Technology and Financials were the worst hit posting their worst day in three months. Goldman Sachs fell 2.4% as part of a weaker banking sector.
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We can recap the the overall market performance as follows:
Nasdaq, Dow, S&P, Small Caps had their worst day in 3 months (to one month lows)
High-Yield Bonds worst 3-day move in 5 months.
VIX volatility index posts its biggest 3-day spike since Aug 2015
Gold’s best 3-day rally in 3 months to $1292.00
These bullet points are just a few examples of the heighten volatility we can expect in global financial markets going into the weekend.
VIX Volatility Index
