US equities post their biggest two day decline since 2008 $AUDUSD $UTX $CAT

Last Updated on Friday, 23 September 2011 12:41

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US markets fell heavily again overnight, marking their biggest two day decline since 2008. Fuelling the sell off was weak economic data from China and Europe. Commodities also sold off as risk appetite waned and the USD rallied strongly as investors looked for safety
European equity markets were especially weak, with all the mayor indexes falling more than 4.5%. The CAC led the losses, down 5.25%
All the stocks in the S&P500 finished in the red with material and energy stocks leading the losses. Leading the losses on the Dow was UTX, CAT, AA, DD, DIS and BAC which fell 8.76%, 6.88%, 6.73%, 6.64, 5.53% and 5.02% respectively
Dow Jones –3.51% S&P500 –3.19% NASDAQ –3.25%
USD rallied strongly against the majors. The US Dollar Index spiked, making a 79.38 high. The AUD fell below parity to make a 0.9690 low
Gold rallied but was hampered by selling to cover equity losses, Crude tumbled to a USD79.66 low before finding some support US equities post their biggest two day decline since 2008 Chart

Published by Spectrum Live Pty Ltd | www.spectrumlive.com

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