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Main » 2016 » January » 5 » The worst start of the year for the S & P 500 and the Nasdaq Composite
The worst start of the year for the S & P 500 and the Nasdaq Composite

Wall Street is not so planned beginning of the year: Dow Jones industrial average fell more than 450 points on Monday because of concerns about the slowdown in the Chinese economy.



Shares of leading companies closed the session by nearly 280 points lower, or 1.6%.

According to the company FactSet, Dow Jones Industrial Average experienced its worst start in the beginning of the year, starting in 2008, when the stock fell 1.7%. This is very bad for the US stock indices.

The cost of the S & P 500 fell by 1.5% - this is the most significant decline in the first trading session of the year, since 2001.

According to the ETF Bespoke Investment Group, which tracks the S & P 500, widely SPDR S & P 500 ETF has also registered its worst day since 2001, when the exchange fund closed 1.8% lower.

Nasdaq Composite Index was down 2.1%, recorded its worst year since the beginning of the sharp decline of 7.2% in 2001.

There are positive aspects of trading that took place on Monday: according to reports, in the years when the Dow Jones started the first auction of the year to fall by at least 1% - shares ended the year with an annual increase of 9.5%. Dow Jones analysts point out that the last three times when the market dropped sharply at the beginning of the year, including in 2000, 2001 and 2008 - the stock markets were subjected to negative profitability in the amount of 15.7%.


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