tanking markets
TRANSCRIPT
8/6/2019 Tanking markets
http://slidepdf.com/reader/full/tanking-markets 1/1
IN MINUTES News and events — visually
Investors fled Wall Street in the worst stock-market sello since the depths of theGreat Recession in early 2009 in what has turned into a full-fledged correction.
2050
11800
11600
11400
1120010am 11 12 1 2 3 4
The S&P 500’s drop puts it more than 10%below its April 29 high.More than 13 billion shares changed hands,the busiest trading day in more than a year.
Dow hardest hitAlcoa fell 9.3%. Bank of America fell 7.4%Caterpillar fell 7.0%. Boeing fell 6.3%
$11,383.68
Down 512.46 -4.3%Thursday
2050
2000
1950
1900
185010am 11 12 1 2 3 4
$2,556.39
Down 136.68 -5.1%
Thursday
Stephen Massocca, managingdirector of Wedbush Morgan.
The debt troubles inEurope are makinginvestors gather asmuch liquidity aspossible.
2600
2400
2200
2000
1800
1600
1400Sept., 2010 Nov. Jan., 2011 Mar. May. Jul.
S&P/TSX Venture Composite Index
Dow Jones Industrial Average15000
14000
13000
12000
11000
10000
9000Sep. Nov. Jan. Mar. May. Jul.
13.8BILLION SHARES changed hands on the New York
Stock Exchange, NYSE Amex andNasdaq, the highest since
June 25, 2010
Daily average
7.48 BILLION
2050
2000
1950
1900
185010am 11 12 1 2 3 4
$1,200.13
Down 60.21
$1,200.13
Down 60.21-4.8%
Thursday
The Canadian dollartumbled 1.8¢ US to hit a five-week low,
hurt by a broad stock market sell-o andworries about the U.S. and global
economic recover y.THURSDAY’S CLOSE
$1.0209WEDNESDAY’S CLOSE
$1.0389Tankin g markets
NASDAQ Composite3200
3000
2800
2600
2400
2200
2000Sep. Nov. Jan. Mar. May. Jul.
52-WEEK LOWS HIT
Bank of America down7.4% at $8.83
Citigroup down 6.6% at$34.81
Hewlett-Packard down5.1% at $32.54
SUSAN BATSFORD, GRAPHICS EDITOR, TWITTER @SBATS1; IN FOGRAPHIC BY TARA MARTIN/QMI AGENCY
Why thedownfall?
• The U.S. economic data has worsened,suggesting slowing growth from an
already sluggish pace in the first half.
• Europe’s sovereign debt crisis hasdefied remedies and threatens toengulf large euro-zone economies
Spain and Italy.