August 6, 2019
US stock market report August 5 2019
Heavy losses for all major US stock indices due to the escalation of trade war between USA and China and uncertainty in the global financial markets. All 3 major US stock market indices closed lower more than 2.5%. This is the summary for US stock market at close on Monday August 5 2019:
- S&P 500: 2,844.74,-87.31(-2.98%)
- Dow 30: 25,717.74,-767.27(-2.90%)
- Nasdaq: 7,726.04,-278.03(-3.47%)
- Russell 2000: 1,487.41,-46.25(-3.02%)
- 10-Yr Bond: 1.735,-0.12(-6.469%)
- Vix: 24.59,+6.98(+39.64%)
Stock Market Suffers Worst Day This Year As Dow Dives 3%
The stock market today dived at the open and sold off through the session, as China fired the latest shot in the ongoing trade war by slashing the value of its currency, the yuan. The Dow Jones Industrial Average headed toward a test of long-term support.
The Nasdaq cratered 3.5%, the S&P 500 plunged 3% and the Dow Jones Industrial Average crashed 2.9%. Small caps tracked by the Russell 2000 sold off 2.8%. Preliminary data showed higher volume on the NYSE and Nasdaq vs. Friday.
Stocks tumbled early as China let the yuan fallto its lowest level against the dollar in more than 10 years and reportedly suspended purchases of U.S. agricultural goods. That followed President Trump’s latest round of China tariffs announced last week.Source: Investors Business Daily
Allakos Inc. (ALLK) was the stock with bigggest gains closing at $65.26+$34.26 (+110.52%).
Sun Hung Kai Properties Limited (SUHJF) was the stock with largest losses closing at $14.30-$2.03 (-12.43%).
Stock investing – Most active stocks
Apple Inc. (AAPL) was among the most active stocks closing at $193.34-$10.68 (-5.23%).
U.S. Sectors & Industries Performance
Utilities was the sector with best performance -1.51%, Information Technology was the sector with worst performance -4.07%. All sectors had heavy losses, Source: Fidelity
US stock market earnings today
Some of the companies releasing earnings today are Allergan plc (AGN), Twenty-First Century Fox Inc (FOXA), Chesapeake Energy Corp (CHK), Walt Disney Co (DIS) and SINA Corp (SINA).
Stock market news
- Australian stock market down 2.4% as US-China trade war hits home
- Trade war fears send shudder through stock markets
- Here’s how the stock market lost more than $1.4 trillion (and counting) in less than a week
Stock market data
Stocks to buy or stocks to sell – stock market newsletter
This report is written by Stavros Georgiadis, CFA Equity Research Analyst, Investment Strategist