CBOE''s Weekly Market Recap: August 22 to August 26
Macroeconomic conditions seem to have caught up with the world’s markets last week, causing a cascade of down-trending indices around the globe. Cboe Global Markets Inc. (BATS: CBOE) reports that all major indices and exchange-traded funds (ETFs) recorded in this series have, in the prior week, experienced downward trending price action. Since Federal Reserve Chairman Jerome Powell’s speech on Friday, the SPDR SP 500 ETF Trust (NYSEARCA: SPY) has fallen more than 5%. Most of the drop occurred on Aug. 26. Global markets and top cryptocurrencies have reflected the downward pressure scene on the SP 500. Europe’s iShares Core MSCI Europe ETF (NYSEARCA: IEUR), for example, declined by 4.05% last week, and Bitcoin (CRYPTO: BTC) dropped by 9.1%. Providing a hint of optimism in last week’s market movements is Snowflake Inc. (NYSE: SNOW). The company, led by CEO Frank Slootman, won chart of the week following a positive reaction to its recently released earnings report. Finally, CBOE notes earnings that have occurred this week for investors to keep tabs on.
CBOE''s Weekly Market Recap: August 22 to August 26
Macroeconomic conditions seem to have caught up with the world’s markets last week, causing a cascade of down-trending indices around the globe. Cboe Global Markets Inc. (BATS: CBOE) reports that all major indices and exchange-traded funds (ETFs) recorded in this series have, in the prior week, experienced downward trending price action. Since Federal Reserve Chairman Jerome Powell’s speech on Friday, the SPDR SP 500 ETF Trust (NYSEARCA: SPY) has fallen more than 5%. Most of the drop occurred on Aug. 26. Global markets and top cryptocurrencies have reflected the downward pressure scene on the SP 500. Europe’s iShares Core MSCI Europe ETF (NYSEARCA: IEUR), for example, declined by 4.05% last week, and Bitcoin (CRYPTO: BTC) dropped by 9.1%. Providing a hint of optimism in last week’s market movements is Snowflake Inc. (NYSE: SNOW). The company, led by CEO Frank Slootman, won chart of the week following a positive reaction to its recently released earnings report. Finally, CBOE notes earnings that have occurred this week for investors to keep tabs on.