JJ Kinahan, Chief Market Strategist, TD Ameritrade
(Friday Market Close) The Nasdaq Composite (COMP:GIDS) led the markets lower on Friday, falling more than 1.92%. As you might expect with the Nasdaq leading the fall, the information technology sector was the worst performing sector. The Technology Select Sector Index ($IXT) closed 1.65% lower. The Dow Jones Industrial Average ($DJI) did much better than the Nasdaq by closing 0.17% lower. Despite the stronger day, the Dow has actually strung together four down weeks in a row by falling 2,000 points, more than 5% from its November peak.
The VIX (Cboe Market Volatility Index) traded back to January of 2021 levels, reaching as high as the 35 mark on Friday before dropping back to the 30 level. Fear and uncertainty appear to be growing among investors who are trying to digest a worse-than-expected jobs report that came out Friday morning. The economy was expected to add 550,000 jobs in November but only added 210,000. Despite the lackluster job growth, it wasn’t bad enough for the Fed to be unlikely to back off its tapering plans.
Increased volatility has increased questions. We've put together answers for the most commonly asked questions to help you get the info you need quickly.
Read more
Tune in to TD Ameritrade Network for live programming and the latest market insights.
TD Ameritrade Network is brought to you by TD Ameritrade Media Productions Company. TD Ameritrade Media Productions Company and TD Ameritrade, Inc. are separate but affiliated subsidiaries of The Charles Schwab Corporation. TD Ameritrade Media Productions Company is not a financial adviser, registered investment advisor, or broker-dealer.
Check out our wide range of educational resources including articles, videos, an immersive curriculum, webcasts, and in-person events.
Join a live webcast for real-time information on a variety of topics or watch pre-recorded sessions.
Quick Links
Trade
Invest
Service
Content intended for educational/informational purposes only. Not investment advice, or a recommendation of any security, strategy, or account type.
Be sure to understand all risks involved with each strategy, including commission costs, before attempting to place any trade. Clients must consider all relevant risk factors, including their own personal financial situations, before trading.
Market volatility, volume, and system availability may delay account access and trade executions.
Past performance of a security or strategy does not guarantee future results or success.
Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses. Options trading subject to TD Ameritrade review and approval. Please read Characteristics and Risks of Standardized Options before investing in options.
Supporting documentation for any claims, comparisons, statistics, or other technical data will be supplied upon request.
This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction, including, but not limited to persons residing in Australia, Canada, Hong Kong, Japan, Saudi Arabia, Singapore, UK, and the countries of the European Union.
TD Ameritrade, Inc., member FINRA/SIPC, a subsidiary of The Charles Schwab Corporation. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank. © 2021 Charles Schwab & Co. Inc. All rights reserved.