Wall Street scared again – Stock Exchange

Wall Street scared again – Stock Exchange

The Dow Jones Industrial Average closed down 0.48% to 34584.88 points and the Standard & Poor’s 500 fell 0.91% to 4,432.99 points.

On the other hand, the Nasdaq Technology Index declined 0.91% to settle at 15,043.97 points.

Today, the session has been very volatile, especially in the last hour of trading, due to the so-called triple magic. It is called three contracts because three contracts expire at the same time: stock index options, stock options, and stock futures (individuals).

Many market outlets continue to point out the quadruple magic, but a Bloomberg reporter said today that as of December last year, only three decades are expiring on this date. What has disappeared in the meantime are stock index futures contracts, due to the lack of investment in them.

CNN stressed that “stock exchanges are scared again.” CNN Business Fear and Greed Index [índice do medo e ganância] You’ve entered the “fear” zone again.

This is mainly because investors are in “standby mode”. Many expect the Fed to announce at next week’s monetary policy meeting the start of “tapping” [retirada gradual dos estímulos, que passam pela compra de dívida], but with the dismal August job market report, that may be less likely now, CNN notes.

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By Andrea Hargraves

"Wannabe internet buff. Future teen idol. Hardcore zombie guru. Gamer. Avid creator. Entrepreneur. Bacon ninja."