Here are some trading dos and don’ts from GuyAdami and timseymour amid the recent market volatility.
The wave of selling continued on Monday as stocks cratered with the Dow dropping nearly 13% for its worst day since Black Monday, and its largest point drop in history. The S&P 500 also posted its worst day since Oct. 1987, while the Russell 2,000 and Nasdaq Composite turned in their worst days on record. The selling was sharp and fast. Minutes after the open stocks dropped more than 5% , triggering a "circuit breaker" and a 15 minute halt in trading.
This year: Small caps are down -37.82% on pace for their worst year ever, as long as they closed lower than -34.8% or it will be their worst year since 20084:51 pm: S&P 500 falls deeper into bear marketSchoen, StevensAs the broader market tanked on Monday, nine S&P 500 components managed to end the day in the green. American Airlines was the leader, with a gain of 11.25%. Conagra Brands also outperformed, rising 9.8%, with J.M. Smucker Company and Clorox each gaining more than 4%.
With less than an hour left in Monday's session, the major averages were down sharply after a monetary stimulus-package announcement from the Federal Reserve failed to assuage concerns of the coronavirus' economic blow. The Dow Jones Industrial Average was down more than 2,000 points, or 9%. The S&P 500 and Nasdaq were both down more than 8%. Trading was halted for 15 minutes shortly after the open after a so-called circuit breaker was triggered.
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