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Barchart
Barchart
Rich Asplund

Market Rally Fizzles, Stock Indexes Turn Negative

The S&P 500 Index ($SPX) (SPY) today is down -0.26%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.31%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.43%.

After a strong morning rally, US stock indexes have given back their gains and are now in the red. Financial markets have been in turmoil since last week when the BOJ unexpectedly raised interest rates, which sparked a surge in the yen to a 7-month high against the dollar and fueled a rapid unwinding of the yen carry trade that dragged down risk assets globally. 

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