Stock selloff continues, but Bitcoin is up.
The Europeans calls are looking for the particularly choppy session for the first October day this year.
IBEX -92 points
DAX -157 points
FTSE - 58 points
CAC40 -60 points
Stocks and futures trading in China are closed from Oct1 to Oct 7 as China celebrates the 71st anniversary of the People's Republic of China. Hong Kong stocks are closed on Oct1.
The U.S. stocks pulled back on Thursday as Wall Street wrapped up its worst month of the year on a sour note. The Dow tumbled 1.59%. The S&P 500 fell 1.19%. The Nasdaq was down 0.44%.
US stocks closed at session lows having sold off aggressively in the last hour of trade. The Dow fell by 547 points or 1.6%. The S&P 500 lost 1.2%. And the Nasdaq index fell by 64 points or 0.4%. Bloomberg pic.twitter.com/JjMrWSocFT— CommSec (@CommSec) September 30, 2021
September was the worst month for the stock since the start of the pandemic.
September was officially the stock market’s worst month since the early days of the Covid-19 pandemic. Retail and tech stocks were among the worst performing.
Stocks attempted to rally, but then dropped with the broader stock index leading down the way . Again. Thus ends September, with the worst month for stocks since the pandemic began. Bitcoin and Dollar were both sharply higher.
Stock market got absolutely hammered today.— The Wolf Of All Streets (@scottmelker) September 30, 2021
But #Bitcoin is up.
Beautifully uncorrelated asset.