The Gilmo Report

September 26, 2018

September 26, 2018

News over the weekend that the Chinese had cancelled the upcoming round of trade talks with the U.S. set up an interesting market permutation on Monday morning. NASDAQ futures took the brunt of the selling overnight on Sunday, and it looked like big-stock NASDAQ stocks would suffer the most that day once things got up and running.

Meanwhile, the Dow Jones Industrials Index opened down the least, as the NASDAQ Composite and NASDAQ 100 Indexes dropped over 1% early in the day. But, in another plot twist to this crazy market, the NASDAQ indexes spent the rest of the day recovering to close on the upside while the Dow and the S&P 500 ended the day in the red. After looking like it would be the least damaged index based on its opening levels, the Dow ended up being the most damaged index, down -181.45 points, or -0.68%.

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