Wall Street just wrapped up its worst day of the year. Here's our analysis of the winners and losers

[mahatmakanejeeves]

Last edited Mon Aug 5, 2019, 04:59 PM - Edit history (1)

Wall Street just wrapped up its worst day of the year. Here’s our analysis of the winners and losers.

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{editing to add}

Business

Wall Street just chalked up its worst day of 2019. Here’s who won, who lost and why.
The Dow and S&P 500 shed about 3 percent while the Nasdaq loses 3.5 percent, erasing billions in wealth

By Taylor Telford, Reporter covering national and breaking news, and Thomas Heath
August 5 at 4:11 PM

There wasn’t much to smile about after Monday’s massive sell-off on Wall Street — the worst drop of 2019.

Bright spots were hard to find in the day-long scrum that got progressively nastier. Gold prices, a fear barometer, jumped. The Japanese yen and Swiss franc, long safe harbors, advanced.

“They are viewed as safe havens when the world falls to pieces because these countries are politically stable,” said Joachim Fels, chief economic adviser at Pimco.

Utilities, another go-to sector in times of stress, edged into positive territory before succumbing and turning negative late in the day. Investors also flocked to the safety of the 10-year U.S. Treasury bond, evidence of a loss of faith in stocks altogether.

The losers were everywhere. Most stocks. Technology. Retail. Oil prices, down. Natural gas, down. Dow transports — a closely watched marker for the economy — fell. Even the Russell 2000 index of small-cap stocks ($2.5 billion and below) was off. The volatility index, VIX, soared 30 percent.
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Taylor Telford is a reporter covering national and breaking news. Follow https://twitter.com/taylormtelford

Thomas Heath is a local business reporter and columnist, writing about entrepreneurs and various companies big and small in the Washington metropolitan area. Previously, he wrote about the business of sports for The Washington Post’s sports section for most of a decade. Follow https://twitter.com/addedvalueth

[Kurt V.]

1. i can't read the article. who were the winners?

what keeps trump and friends from shorting the market before every tariff announcement

[mahatmakanejeeves]

2. I edited the OP.

People who bought the VIX Friday or sold everything else.

[Kurt V.]

3. thanks 👍

[Auggie]

4. NOTHING keeps Trump and friends from shorting the market