Biggest decline in the S&P 500 since mid-March, losers fit well with second virus wave fears

Ross J Burland FXStreet

We have seen the biggest decline in the S&P 500 since mid-March today following yesterday's bearish Federal Reserve outcome.

The list of the S&P 500's biggest losers fits in well with the `second virus wave fears hitting markets' narrative.

The list of the S&P 500's biggest losers fits in well with the `second virus wave fears hitting markets' narrative pic.twitter.com/a24UFy4xXS
— Katherine Greifeld (@kgreifeld) June 11, 2020

Closes on Wall Street

S&P 500 unofficially closes down 187.15 points, or 5.87 percent, at 3,002.99.
NASDAQ unofficially closes down 501.88 points, or 5.01 percent, at 9,518.47.
Dow Jones unofficially closes down 1,848.51 points, or 6.85 percent, at 25,141.48.
CBOE volatility index ends up 13.22 points at 40.79.
Biggest daily point gain for VIX since March 16.
Highest closing level for VIX since April 23.

Tally: US coronavirus cases top two-million, highest in world – Reuters

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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