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Stock market news for August 18, 2020

Stock market news

“The stock market just hit its first record since the pandemic started.

The S&P 500 (SPX) closed at an all-time high on Tuesday for the first time since the Covid-19 pandemic hit the United States.

The index, which is the broadest measure of Wall Street, had been hovering in record territory for days but repeatedly fell short of reaching the milestone. But Tuesday was finally the day. It close up 0.2%, the first record since February 19.
The record is a big deal, because it means it only took Wall Street five months to go from the most recent trough — after the pandemic selloff in March — to a new peak. This would make the Covid bear market the shortest in history, at just 1.1 months, said S&P Dow Jones Indices’ Howard Silverblatt. Stocks fell into a bear market during the spring selloff.”

Stock market source: https://edition.cnn.com/2020/08/18/investing/sp-500-stock-market-record/index.html

US stock market at the close on August 18, 2020

S&P 500: 3,389.78,+7.79(+0.23%)
Dow 30: 27,778.07,-66.84(-0.24%)
Nasdaq: 11,210.84,+81.12(+0.73%)
Russell 2000: 1,569.17,-16.30(-1.03%)

Stock marketĀ data: Yahoo Finance

Stock market volatility

The CBOE Volatility Index (VIX) closed higher at 21.51+0.16 (+0.75%).

Stock movers

Kohl’s Corporation (KSS) stock lost more than 14% closing at 20.01-3.44 (-14.67%).

Stock gainers

MICT Inc. (MICT): 5.10,+ 1.60 +45.71%
OneSmart International Education Group Ltd. ADR (ONE): 5.42,+ 1.27 +30.60%
RISE Education Cayman Ltd. ADR (REDU): 7.45,+ 1.65 +28.45%

Stock losers

Poseida Therapeutics Inc. (PSTX): 9.06, -3.94 -30.31%
Urban One Inc. Cl A (UONE): 7.33, -2.23 -23.33%
Unity Biotechnology Inc. (UBX): 3.26, -0.89 -21.45%

Most active stocks

Eastman Kodak Co. (KODK): 8.01,+ 0.37 +4.84%
NIO Inc. ADR (NIO): 14.30,+ 0.25 +1.78%
Antero Resources Corp. (AR): 3.62, -0.78 -17.73%

Stock marketĀ source: https://www.wsj.com/market-data/stocks

Stock Market, U.S. Sectors & Industries Performance

The Consumer Discretionary sector was the best performing sector +1.46%, the Energy Sector was the worst performing sector -1.71%.

Stock Market, U.S. Sectors & Industries Performance for August 18, 2020

Stock Market, U.S. Sectors & Industries Performance for August 18, 2020

Source: Fidelity

Stock market update

All data about the stock market, stocksstock investingstock trading is taken from Yahoo Finance, Fidelity, and stockcharts.com.


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