S&P 500 Energy Index drops more than 5% on Wednesday. Retail Sales in US declined by 8.7% in March. CBOE Volatility Index rises sharply to reflect flight-to-safety. Wall Street’s major equity indexes started the day deep in the negative territory on Wednesday as flight-to-safety, once again, dominates the financial markets. Markets turn risk-averse The CBOE Volatility Index, Wall Street’s fear gauge, is up nearly 13% on the day to confirm the risk-off atmosphere. As of writing, the Dow Jones Industrial Average was down 2.15% on the day while the S&P 500 and the Nasdaq Composite were down 2.1% and 1.5%, respectively. The data from the US on Wednesday revealed that Retail Sales declined by 8.7% on a monthly basis in March and Industrial Production contracted by 5.4% in the same period. Among the 11 major S&P 500 sectors, the Energy Index is losing more than 5% pressured by a sharp drop in crude oil prices. Meanwhile, the rate-sensitive Financials Index is down 3.75% amid a 10% drop in the 10-year US Treasury bond yield. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Coronavirus: Hospital capacity and ageing populations – BNP Paribas FX Street 2 years S&P 500 Energy Index drops more than 5% on Wednesday. Retail Sales in US declined by 8.7% in March. CBOE Volatility Index rises sharply to reflect flight-to-safety. Wall Street's major equity indexes started the day deep in the negative territory on Wednesday as flight-to-safety, once again, dominates the financial markets. Markets turn risk-averse The CBOE Volatility Index, Wall Street's fear gauge, is up nearly 13% on the day to confirm the risk-off atmosphere. As of writing, the Dow Jones Industrial Average was down 2.15% on the day while the S&P 500 and the Nasdaq Composite were down 2.1% and 1.5%,… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
