U.S. stocks tumbled on Wednesday, representing their worst single-day losses in months. The S&P 500 closed trading with declines of 3.29% (94.66 points) continuing a five-day streak of losses. The Nasdaq fared similarly, dropping 4.08% (315.97 points). The Dow faced it’s largest single-day decline since February, falling 3.15% (831.83 points).
Atossa Genetics (ATOS) faced a decline of 4.79% today.
While stocks appearing grim today, investors have been closely watching Treasury notes. According to Art Cashin of UBS Financial Services, “Bond yields will remain the key.”
The Direxion Daily Small Cap Bear 3X ETF (TZA
) soared 8.55% today and closed at $10.41 after hitting a high of $10.45. This TZA investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the daily performance of the Russell 2000® Index.
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Dow drops more than 800 points, S&P 500 posts five-day losing streak
The Dow fell more than 500 points Wednesday afternoon, with declines in tech stocks weighing on indices…