Business
Dow sheds 943 points in global rout – The Australian Financial Review
Australian shares are poised to drop 1.7pc at the open, as global equities fell hard amid a resurgent virus and widening renewed lockdowns. Oil, gold were hammered….
The big techs as a group felt the brunt of the selling: Alphabet shed 5.5 per cent, Facebook lost 5.5 per cent, Apple tumbled 4.6 per cent and Amazon fell 3.8 per cent. Tesla dropped 4.4 per cent.
Both the S&P 500 and the Nasdaq were each similarly lower: down 3.5 per cent and down 3.7 per cent respectively. The VIX rose 22.3 per cent to 40.77 at 4.06pm; just shy of its June 11 high.
“Although statistically the start of one of the strongest periods for markets, COVID-19 once again flips the narrative,”…
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