Market Pulse Archives

Aug. 16, 2021, 10:40 a.m. EDT

Panic-like selling signs emerge in NYSE trading Monday as Dow, S&P 500 on track to snap 4-session win streak

Watchlist Relevance

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Dow Jones Industrial Average (DJIA)
  • X
    S&P 500 Index (SPX)
  • X
    NASDAQ Composite Index (COMP)

or Cancel Already have a watchlist? Log In

By Mark Decambre

Trading in New York Stock Exchange-listed stocks on Monday were exhibiting panic-like-selling behavior as stocks faced some selling pressure attributed to the spread of the delta variant of COVID-19 and a slowdown in China's economy. The NYSE Arms Index, a volume weighted breadth measure that tracks the ratio of advancing stock to declining stocks over the ratio of advancing volume over declining volume, was showing a reading of 2.414 for NYSE-listed shares. Many technicians say a rise to at least 2.000 suggests panic-like selling behavior. The reading comes as the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -1.34% was off 0.5% at 35,258; the S&P 500 index /zigman2/quotes/210599714/realtime SPX -1.18% was off 0.6% at 4,437. The Dow and S&P 500 have ended higher in the past four sessions in succession. Meanwhile, the Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP -1.83% was trading 1.1% lower at 14,964, on track to halt a 2-session string of gains.

US : Dow Jones Global
-461.68 -1.34%
Volume: 498.38M
Dec. 1, 2021 5:04p
-53.96 -1.18%
Volume: 3.04B
Dec. 1, 2021 5:04p
US : Nasdaq
-283.64 -1.83%
Volume: 5.47M
Dec. 1, 2021 5:16p

This Story has 0 Comments
Be the first to comment
More News In

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.