SSL

12 Jun: Stock market news for June 11, 2020

Stock market news

“Dow plummets 1,862 points, its worst day since March, on cautionary Fed messages and 2nd-wave coronavirus fear.

US stocks tanked on Thursday as cautious commentary from the Federal Reserve and rising coronavirus infection rates prompted investor concern.
All three major indexes posted their biggest single-day declines since March 16.

The Federal Reserve said on Wednesday that the pandemic could result in permanent economic damage and an extended period of high unemployment.”

Source: https://markets.businessinsider.com/news/stocks/stock-market-news-today-indexes-plunge-fed-economy-warning-covid19-2020-6-1029302113

How the US stock market closed on June 11, 2020

S&P 500: 3,002.59,-187.55(-5.88%)
Dow 30: 25,128.17,-1,861.82(-6.90%)
Nasdaq: 9,492.43,-527.91(-5.27%)
Russell 2000: 1,364.58,-102.81(-7.01%)

Stock market volatility

The CBOE Volatility Index (^VIX) jumped more than 45%, with a figure of 40.79+13.22 (+47.95%), at close: June 11 4:14PM EDT

Stock movers

Sasol Limited (SSL) stock was among stock losers falling more than 17%, with a stock price at the close of 7.06-1.53 (-17.81%).

Sasol Limited (SSL) stock chart
Sasol Limited (SSL) stock chart

Source: Stockscharts

Stocks that were top gainers, top losers and most active:

Stock gainers

Wah Fu Education Group Ltd. (WAFU): 7.15,+ 4.93 +222.07%
Wins Finance Holdings Inc. (WINS):50.00,+ 29.69 + 146.18%
Celldex Therapeutics Inc. (CLDX): 8.76,+ 3.96 +82.40%

Stock losers

Jiayin Group Inc. ADR (JFIN): 3.90, -1.90 -32.76%
Liberty TripAdvisor Holdings Inc. Series B (LTRPB): 43.92, -19.08 -30.29%
Immuron Ltd. ADR (IMRN): 6.90, -2.98 -30.16%

Most active stocks

Genius Brands International Inc. (GNUS): 3.45, -1.06 -23.50%
Bank of America Corp. (BAC): 23.93, -2.67 -10.04%
NIO Inc. ADR (NIO) : 5.91, -0.39 -6.19%

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

Stock Market, U.S. Sectors & Industries Performance

All sectors closed lower as a result of the stock market selloff. Consumer Staples was the best performing sector -3.81%, Energy was the worst-performing sector -9.45%.

U.S. Sectors & Industries Performance for June 11, 2020
U.S. Sectors & Industries Performance for June 11, 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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