Trading in New York Stock Exchange-listed stocks at midday Thursday exhibited panic-like-selling action as bullish investors suffered a powerful reversal of fortune that appeared to be gathering steam in the wake of the Fed’s early-May policy meeting, adding to a bruising stretch for buyers, sparked by concerns about rates.
The reading comes as the Dow Jones Industrial Average DJIA, -2.82% was off 3.1%, or over 1,050 points, at 33,027, looking at its sharpest one-day fall since 2020; the S&P 500 index SPX, -3.23% was off 3.4% at around 4,150; and the Nasdaq Composite Index COMP, -4.65% was trading 4.7% lower at 12,365.
Source: News Formal (newsformal.com)
It is machines trading back and forth. Low volume means people are not panic selling. This is pure market manipulation. SECGov
Takes deep breath. Noooooooooooooooo!
Where is the panic? Look at VIX. This is speculation. There is no another reason.
It's just brokerage firms hedge funds doing it! Otherwise it market was ip yesterday.
There's no panic. VIX is 30.
All your future is belong to Renewables
So predictable!
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