23 Jan 2014
Sea of red in Wall Street on China, VIX and earnings
FXstreet.com (San Francisco) - Wall Street closed negative on Thursday as investors are worried about China growth and earnings reports. VIX index was significantly lower on almost all the session.
The preliminary HSBC Manufacturing PMI showed a decline to 49.6 in January, meaning contraction in the month to come. Unemployment rate in Spain rose above 26% again, more than expected. VIX was at 14.2, "miles below levels seen during the mortgage and sovereign debt crises which saw the index rise as high as 50%," as Jamie Coleman from FXBeat pointed in a recent report.
The Dow Jones declined 175.99 points or 1.07% to close its third day of losses at 16,197.35; the S&P 500 lost 16.40 pts or 0.89% to finish at 1,828.46; and the Nasdaq eased erased 24.13 points or 0.57% to 4,218.87.
The preliminary HSBC Manufacturing PMI showed a decline to 49.6 in January, meaning contraction in the month to come. Unemployment rate in Spain rose above 26% again, more than expected. VIX was at 14.2, "miles below levels seen during the mortgage and sovereign debt crises which saw the index rise as high as 50%," as Jamie Coleman from FXBeat pointed in a recent report.
The Dow Jones declined 175.99 points or 1.07% to close its third day of losses at 16,197.35; the S&P 500 lost 16.40 pts or 0.89% to finish at 1,828.46; and the Nasdaq eased erased 24.13 points or 0.57% to 4,218.87.