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Equities Markets Close Week Sharply Down, But Crypto Continues Recovery

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Fri, 9/02/2018 - 22:08
Equities Markets Close Week Sharply Down, But Crypto Continues Recovery
Cover image via U.Today
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Today closes out the worst week in the stock market since 2008, as all major indices tumbled. The Dow ended the week down over six percent and the S&P 500 briefly dropped below its 200 day moving average, which is quite significant. After beginning the week with a fearful drop, crypto markets have moved opposite equities, gaining from a low of $5,800 to a high today of $8,800. Perhaps the much-vaunted correlation between crypto and equities isn’t set in stone after all.

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