TLDR
The S&P 500 decreased by 5,6 per cent in less than three trading days, putting the equities benchmark on track for its biggest one-day drop since May 13. The Dow Jones Industrial Average, in turn, lost around 5 per cent, whereas the Nasdaq Composite fell 7 per cent. The Cboe’s Vix, an indicator that measures volatility, skyrocketed above 22 points for the first time since mid-May. U.S. households lost on average nearly $5,800 in income because of the reduced economic growth during the acute stage of the financial crisis.via the TL;DR App
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Written by ikuchma | Financial Advisor
