collected by :Jack Luxorcollected by :Jack Luxor
The Dow Jones Industrial Average DJIA, -0.29% fell 0.3% to 20,587. Both the iShares MSCI Russia Capped ETF ERUS, -1.55% and the VanEck Vectors Russia ETF RSX, -1.53% lost 1.5% on the day. The day's losses were broad, with eight of the 11 primary S&P 500 sectors falling on the day. The S&P 500 SPX, -0.38% lost 0.4% to 2,344. In currencies, the ruble USDRUB, -0.1093% traded at 56.74 to the dollar, compared with 56.92 late Tuesday, a move of 0.3%.
as mentioned in Asia markets closed mostly lower, with Japan's Nikkei 225 index NIK, -0.68% down 1%, pressured by a stronger yen. U.S. stocks closed modestly lower on Wednesday as investors remained cautious amid persistent geopolitical risks. The Nasdaq Composite Index COMP, -0.52% lost 30.61 points to closed at 5,836.16, a decline of 0.5%. Other markets: Oil futures CLK7, +0.02% settled lower Wednesday, putting an end to the market's longest streak of gains since August. The CBOE Volatility Index VIX, +2.28% also known as Wall Street's "fear gauge," rose 5.8% to a five-month high.
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The Dow Jones Industrial Average DJIA, -0.29% fell 0.3% to 20,587. Both the iShares MSCI Russia Capped ETF ERUS, -1.55% and the VanEck Vectors Russia ETF RSX, -1.53% lost 1.5% on the day. The day's losses were broad, with eight of the 11 primary S&P 500 sectors falling on the day. The S&P 500 SPX, -0.38% lost 0.4% to 2,344. In currencies, the ruble USDRUB, -0.1093% traded at 56.74 to the dollar, compared with 56.92 late Tuesday, a move of 0.3%.
as mentioned in Asia markets closed mostly lower, with Japan's Nikkei 225 index NIK, -0.68% down 1%, pressured by a stronger yen. U.S. stocks closed modestly lower on Wednesday as investors remained cautious amid persistent geopolitical risks. The Nasdaq Composite Index COMP, -0.52% lost 30.61 points to closed at 5,836.16, a decline of 0.5%. Other markets: Oil futures CLK7, +0.02% settled lower Wednesday, putting an end to the market's longest streak of gains since August. The CBOE Volatility Index VIX, +2.28% also known as Wall Street's "fear gauge," rose 5.8% to a five-month high.
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Stock market will be stuck in 'purgatory' until this happens
"The S&P 500 is stuck in purgatory and hasn't moved in the last [roughly] 1.5 months. "'Lockdown' is what the stock market has been on since mid-February," he said, in a Tuesday note. The stock market is so quiet that one Wall Street analyst compared the trading environment to the spiritual no-man's-land where dead souls linger. After hitting a record in early March, the S&P 500 SPX, -0.38% has largely stalled, trading in a limited range for the past few weeks. Read: A conflicted stock market faces moment of truth as earnings loomBut given the market's reluctance to budge from its range-bound trading, it may take a bit more than stellar corporate results to resurrect stocks.read more visit us Money
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