Worthy Christian News > US News > U.S. stock rally unravels as Dow, S&P 500 end sharply lower

U.S. stock rally unravels as Dow, S&P 500 end sharply lower

Wednesday, August 26, 2015 | Tag Cloud Tags: US Economy | Learn about our FREE SYNDICATION Service | Stay informed with the Worthy Brief! | Printer Friendly

(Worthy News) – In a dramatic reversal to a morning rally, U.S. stocks relinquished all of their opening gains, and then some, to finish with sharp losses. The main indexes began trimming gains in afternoon trade, falling into negative territory ahead of the closing bell as selling accelerated in the final hour.

“We would have preferred stocks open flat and rally into the close. Today’s action is not a good news for those who were expecting a V-shaped recovery,” said Michael Antonelli, equity sales trader at R.W Baird & Co.

“Unlike the pullback last October, this correction has a serious tone to it — there are serious global growth issues that are not going to be resolved any time soon. We expect the correction to last longer,” Antonelli added.

Trading on Wall Street remained volatile, with the CBOE Volatility index VIX, -11.59% otherwise known as the Wall Street’s fear gauge, trading at 36, the highest level since 2011. [ Source ]
Get news worthy of your attention — delivered directly to your inbox.

people are currently praying.

Worthy News reports from a biblical worldview with a commitment to accuracy, transparency, and editorial independence. Learn more about About Worthy News, our Editorial Standards, AI Use Policy, Ownership of Worthy News, News Tips and Corrections, and Worthy News Staff.

💡 Did you know? One of the best ways you can support Worthy News is by simply leaving a comment and sharing this article.

📢 Social media algorithms push content further when there’s more engagement — so every 👍 like, 💬 comment, and 🔄 share helps more people discover the truth. 🙌

Discuss this article in our forums

Latest Worthy News

Jetstar, Qatar Airways Jets In Sydney Near-Miss Amid Air Traffic Control Concerns

Netanyahu Rejects Trump-Backed Gaza Plan, Says Israel Will Not Withdraw Until Hamas Fully Disarms

Europe’s Heatwaves Expose Vulnerability Of Wind-Dependent Power Systems (Worthy News Investigation)

Christian Father And Youth Killed In Pakistan Amid Rising Anti-Christian Violence

Lake Mead Falls to Historic Low as Colorado River Crisis Deepens

Former NBA Players Declare for WNBA Draft, Putting Transgender Eligibility Rules to the Test

Senate Passes Government Funding Stopgap, Leaves Town

U.S. Presses Egypt Over Rising Christian Persecution, Religious Freedom Abuses

Iran Sets Sweeping New Demands to Reopen Strait of Hormuz, Tells U.S. to ‘Correct Its Behavior’

Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.