The KUIK Closing Market Report for Tuesday, March 21:
Markets had a hard day.
Index
Direction
Change
Units
Index
Time
Change
Dow
Down
(238)
points
20,668
1:33 PM
S&P500
Down
-1.2%
percent
2,344
(29.45)
Nasdaq Composite
Down
-1.8%
percent
5,794
(107.70)
30 Year Treasury
Down
(4)
basis points
3.05
Annual Yield
U.S. stocks closed sharply lower Tuesday, with the S&P 500 and Dow industrials posting their biggest one-day losses since October 11. Investors turned risk averse after the first hour of trading, as financials and industrials sold off sharply. The financial sector dropped 3%, while industrials fell nearly 2%. Shares of Bank of America Corp dropped 5.8%. The Russell 2000 index of small stocks fell more than 2.5% to close at 1,349, erasing year-to-date gains.
Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
