The total point movement for those seven days is 1217.97 with the emphasis on the downside of over 600 points. The average change was 174.00, with only one day (March 16) posting a change of less than 115 points (+72.85). It is plain to see that volatility is quite high. Wednesday's rate policy decision from the FOMC should provide some idea of direction, though it is unlikely to calm markets at all.
The decision - probably a hike in the federal funds rate of 0.25% - is scheduled for Wednesday, 2:00 pm EDT with new Fed chairman Jerome Powell's first press conference at 2:30 pm EDT.
Dow Jones Industrial Average March Scorecard:
| Date | Close | Gain/Loss | Cum. G/L |
| 3/1/18 | 24,608.98 | -420.22 | -420.22 |
| 3/2/18 | 24,538.06 | -70.92 | -491.14 |
| 3/5/18 | 24,874.76 | +336.70 | -154.44 |
| 3/6/18 | 24,884.12 | +9.36 | -145.08 |
| 3/7/18 | 24,801.36 | -82.76 | -227.84 |
| 3/8/18 | 24,895.21 | +93.85 | -133.99 |
| 3/9/18 | 25,335.74 | +440.53 | +306.54 |
| 3/12/18 | 25,178.61 | -157.13 | +149.41 |
| 3/13/18 | 25,007.03, | -171.58 | -22.17 |
| 3/14/18 | 24,758.12 | -248.91 | -271.08 |
| 3/15/18 | 24,873.66 | +115.54 | -155.54 |
| 3/16/18 | 24,946.51 | +72.85 | -82.69 |
| 3/19/18 | 24,610.91 | -335.60 | -418.29 |
| 3/20/18 | 24,727.27 | +116.36 | -301.93 |
At the Close, Tuesday, March 20, 2018:
Dow Jones Industrial Average: 24,727.27, +116.36 (+0.47%)
NASDAQ: 7,364.30, +20.06 (+0.27%)
S&P 500: 2,716.94, +4.02 (+0.15%)
NYSE Composite: 12,663.64, +12.18 (+0.10%)
Posts
No comments:
Post a Comment