S&P 500 extends slide toward 3,800 as tech stocks erase early gains
|After starting the day mixed, major equity indexes turned south pressured by a negative shift in market sentiment. Reflecting the risk-off mood, the CBOE Volatility Index, Wall Street's fear gauge, is up nearly 9% at 23.80.
According to the latest market chatter crossing the wires, US Senate Democratic Leader Chuck Schumer thinks that it may take a month, a month-and-a-half to pass the stimulus bill.
As of writing, the Dow Jones Industrial Average was down 1.15% on the day at 30,638, the S&P 500 was losing 0.8% at 3,808 and the Nasdaq Composite was falling 0.75% at 13,268.
The risk-sensitive S&P 500 Technology Index, which was up more than 1% after the opening bell, is currently down 0.73%, confirming the souring market mood.
S&P 500 chart (1-hour)
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.