Stock market news for August 18, 2020
August 19, 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%)
Russell 2000: 1,569.17,-16.30(-1.03%)
Stock market data: Yahoo Finance
Stock market volatility
The CBOE Volatility Index (VIX) closed higher at 21.51+0.16 (+0.75%).
Kohl’s Corporation (KSS) stock lost more than 14% closing at 20.01-3.44 (-14.67%).
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%
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 market 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