Net worth tracking
Login Sign Up
Become a Premium Member
  • All Opinions
  • Top Picks
  • Experts
  • Companies
  • Discover
Watch List
Home » Daily

Markets slide on Evergrande fears

Allan Tong Posted On September 20, 2021
0
0
Shares
  • Share On Facebook
  • Tweet It

China’s second-largest real estate developer, Evergrande, owes US$300 billion and could default next week. Markets around the world sold off over fears that a default could destabilize China, the world’s second-largest economy. American markets are already fretting over its own government debt default, though it isn’t the first time. Overnight, European markets sold off, such as the German DAX by 2.31%.

North American indices started Monday plunging to those levels but closed off those lows: The S&P at -1.79%, the Dow at -1.78% and the Nasdaq at -2.19%. All the S&P sectors closed in the red as the VIX spiked 23.55% to 25.71.

Nucor closed -7.64%, Occidental -5.42%, Ford -5.39% and Amazon -3%. Bitcoin tanked by 7.65% to below $44,000. One of the few industries to gain was airlines as American Airlines climbed 3%. Nearly lost in the bad news was good news from Pfizer, ip 0.71% after announcing that its vaccine is effective in protecting children under 12. Also, gold advanced 0.81% to $1,765 an ounce. In Toronto, falling oil prices contributed to the TSX’s 1.64% loss as all sectors declined, especially healthcare, energy and tech. Bombardier dove 4.74%, CNQ lost 3%, Manulife shed 2.69% and Blackberry slid 5.69%. A bright spot was Barrick Gold, popping 2%.

⛏ Nucor Corp. -7.64%
🛢 Occidental Petroleum Corp -5.42%
🚚 Ford Motor -5.39%
📦 Amazon.com -3%
🅱 The Bitcoin Fund -7.65%
🛫 American Airlines Group +3%
💉 Pfizer Inc +0.71%
🧬 Bombardier Inc (B) -4.74%
🛢 Canadian Natural Rsrcs -3%
🏛 Manulife Financial -2.69%
📱 BlackBerry -5.69%
🥇 Barrick Gold +2%

0
Shares
  • Share On Facebook
  • Tweet It




Trending Now
Birchcliff Energy Ltd., Cardinal Energy Ltd and More at 52-week Highs & Lows (May 18-24)
Melisa R. H. May 25, 2022
3 dividend stocks to fight inflation
Allan Tong May 24, 2022
3 Boring Safe Stocks Rule
Read Next

3 Boring Safe Stocks Rule

  • We're the Stock Chasers
    Hi! We are the Stock Chasers. We write about investing and finance tools we love. We’re passionate about fintech and we invest almost all our affiliate and advertising revenues into the development of Stockchase and Wealthica. We hope you enjoy the stock ideas and product reviews!
  • Top Reviews

    • Questrade Review: Pros & Cons of Trading with Questrade Canada (2021)
      8.5
    • Questrade vs Others | The Review Competitors Don’t Want you to Read (2021)
      7.4
    • The Ugly Truth About Identity Theft – Free Credit Report
      7
  • Popular Posts

    • Birchcliff Energy Ltd., Cardinal Energy Ltd and More at 52-week Highs & Lows (May 18-24)
    • 3 dividend stocks to fight inflation
    • Royal Bank, Canopy Growth Corp. and More Earnings Reports this Week (May 23-27)
    • Target Corp, Inc, Visa Inc. and 18 Stock and 3 ETF Top Picks (May 13-19)
    • Summer stocks fun or summertime blues? 3 stocks to consider this summer
  • Stock Lists

    • 3 dividend stocks to fight inflation
      May 24, 2022
    • Summer stocks fun or summertime blues? 3 stocks to consider...
      May 17, 2022
    • 3 fast food stocks to buy this summer
      May 10, 2022
    • Are mega tech stocks still alive?
      May 3, 2022
    • 3 Consumer Stocks for Summer
      April 26, 2022


  • Get $50 in free trades.


  • Stockchase neither recommends nor promotes any investment strategies.

    About us : Privacy & Terms : Contact us

© Stockchase Inc.
Press enter/return to begin your search