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One Way Price Action in Equities

EQUITIES

Stock markets in the US go from weak to weaker, with S&P500 following the lead set in Europe and sliding close to 3% from the Tuesday close. The e-mini S&P is now well below the 100-dma at 3301.57, hitting the lowest level since the end of September.


  • Energy names are the worst off, with the further slip in WTI and Brent oil prices filtering through to stock prices. Tech sector is not far behind, with communication services also off well over 3%. Utilities and real estate are seeing the shallowest losses, but are still posting losses of over 1.5% after a few hours of trade.
  • The poorest individual performers include Carnival Cruiselines and Norwegian on further lockdown fears, as well as Mastercard post-earnings.
  • The slide in equities has contributed to a sharp rise in the VIX, which now sits at the highest levels since early June.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
EquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
EquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

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