INSUBCONTINENT EXCLUSIVE:
By Elena Popina, Sarah Ponczek and Vildana HajricGoing strictly by VIX, US stock market just saw its biggest weekly drop in volatility since
gave way to a 3.4 per cent rally, third biggest since 2012
equities trader at Deutsche Bank Wealth Management
All told, SP 500 has now swung in an intraday range of greater than 2 per cent in 15 of last 21 days, making it one of most volatile
stretches since 2011.
For holiday-shortened week, SP 500 Index rose 1.7 per cent for its first back-to-back advance since November
The Cboe Volatility Index fell 25 per cent, biggest weekly decline in 10 months
The Nasdaq 100 fell 214 points on Thursday and surged 276 points on Friday, while Dow Jones Industrial Average swung in an 880-point range
over last two sessions.
Big moves reflected divergent signals on US growth
Economic data on Friday showed a spike in hiring last month that was accompanied by faster wage growth and an increase in workforce
participation, tamping down concern a recession is imminent
A day earlier, a gauge of US manufacturing plunged by most since 2008 and Apple Inc
cut its sales outlook, fueling concern that global growth is cooling
government closed for a year or longer if Democrats refuse to provide more money to construct a wall on border with Mexico.
To Stephen Carl,
There are talks in China, but there is a concern there will be more tariffs before they come to a resolution, which almost nullifies
2009 as iPhone maker plunged most in five years after its China sales warning.
An ETF tracking companies that have recently gone public,
Renaissance IPO ETF, posted its second straight week of gains greater than 3.5 per cent
sheets has seen two days of gains greater than 4 per cent in last seven
American companies posted three quarters of stellar earnings growth and economy is advancing at fastest pace in four years
The earnings season that kicks off this month will provide some clarity to investors awaiting official forward guidance and details on
