ICYMI: Here's what happened in the markets this morning

in #dlike5 years ago

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The markets plunged at the open, with the Dow losing 450 points. But stocks have clawed back some of their losses and the Dow is now roughly down 200 points.
The VIX (VIX), a measure of volatility that often skyrockets during times when Wall Street is scared, soared more than 30% Monday to its highest level since late January.
The price of gold, which tends to rise when investors are nervous, moved slightly higher.
Only four of the thirty Dow stocks are higher: McDonald's (MCD), Chevron (CVX), Dow Chemical (DOW) and Disney (DIS).
These are the Dow's worst performers: Nike (NKE) is down 3%, Apple (AAPL) and 3M (MMM) are right behind Nike — they are down about 2%.
In the S&P 500, investment manager Affiliated Managers Group (AMG) is faring the worst — down 10% — after missing first quarter earnings projections.
One wacky stock: Sinclair Broadcast Group (SBGI) soared 30% after it announced its deal to snap up 21 regional sports networks from Disney.


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