The Dow fell more than 530 points Friday, capping its worst week since late January. The S&P 500 and Nasdaq were also lower.
The Dow fell more than 530 points Friday, a drop of around 1.6%. It was a broad-based selloff, with all 30 Dow stocks finishing in the red. Intel , Goldman Sachs and Walgreens were among the biggest decliners. The Dow is now on a five-day losing streak, falling nearly 3.5% this week. That's the worst weekly pullback since late January.The S&P 500 and Nasdaq were notably lower as well.
It's been steadily declining since peaking in March of last year. The VIX has fallen nearly 15% in 2021. But the VIX spiked about 10% Friday, and some experts warn that the summer and latter half of 2021 could be a bit bumpier than the first six months of the year."When you look at the VIX, it's eerily quiet. But that's a little bit misleading," said Darren Schuringa, CEO and founder of ASYMmetric ETFs, which runs a fund designed to lower investor risk.
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