Stock Exchange closes 7.5% down in the worst day on Wall Street since 2008

Stock Exchange closes 7.5% down in the worst day on Wall Street since 2008

(Bloomberg) – US stocks fell more than 7.5% during the worst day on Wall Street after the financial crisis, as a full-grown oil prices War disrupted the financial markets already on edge over spreading crown. Treasury yields fell, crude oil fell 20% and tied to credit markets. The S & P 500 index fell the most since December 2008 and is now on a nine-month low. The router has begun to open, accessible from losses 7% 4 minutes triggers NYSE circuit breakers that halted trading for 15 minutes. The markets will close when losses reach 20%. The measure is almost 19% from their February 19th highest of all time, threatening to put an end to the long bull record, which began the day exactly 11 years ago. In a dramatic day heritage in the world: All but nine S & P 500 were lower Monday, led by energy producers by 20%. Exxon Mobil and Chevron have increased by over 12%. Banks lost 11%, an ETF that tracks regional banks for the worst day Apple had 7.9% since 2009 and Dow Chemical fell 22% decreased. Crude TUMBLED had included mostly solved by the Gulf war in 1991, after an OPEC + Alliance, the world production. WTI and Brent comparing some of their losses, but remained more than 20% down. 10 years Treasury yield fell below 0.5% and the 30-year yield fell below 0.9%, the entire US yield curve below 1% for the first time in history. The Stoxx Europe 600 Index fell the most since 2016, the trade volume of more than three times the 100-day moving average. Many of the teachings region looks sets to go bear markets. Japanese equities have entered into a first since fallen almost 6%. An index of derivatives which measures the perceived risk of corporate bonds to the most since Lehman Brothers went broke. Exchange rates, including the yen saw sharp movements as traders struggled to determine new areas where they might be. The yen was about 3% against the dollar, while the euro and the Swiss franc has strengthened more than 1%. The oil price crash has threatened policies and budgets, they do all over the world exacerbate high yield credit strains on the head and pressure for central bankers to try to avoid a recession. It would generally proved to be a boon for consumers, but to keep the crown increasingly live. Investors clamoring for a bit ‘policy response to the administration Trump, who so far has indicated that it considers the spread under control. “The market was ready and prone to such volatility and crude oil has only intensified,” said Randy Frederick, vice president of trading and derivatives for Schwab Center for Financial Research. “The crown was the main cause of the correction, but now it is being exaggerated even more.” President Donald Trump and his later economic team Monday measures to weigh the crown consequences and a sudden oil price crash included, with a potential below steps energy producers battered United States to finance sick leave paid and help expansion temporary. A Bloomberg gauge of financial burden on the United States has deteriorated at the fastest pace since the great financial crisis. “If there is panic, not exactly tends prices of goods to be” Kristina Hooper, chief strategist at Invesco Global Market said in an interview at Bloomberg headquarters in New York. “Today the sell-off on me is emblematic of this. It ‘s really a knee-jerk reaction to what happened over the weekend.”

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