Rich Barbieri and David Goldman, CNN Business
| Updated at
(CNN) – The last two weeks on Wall Street were epic.
Over the past 10 trading days, the Dow has dropped more than 350 points six times. There was also a day when the Dow rose 1
The market is in a historic phase of volatility. The S & P 500 rose nine times in December and 64 times more than one percent this year. That was only eight times in 2017. Here is the game of game of the last 10 days.
Friday, December 14: China Fears
China says it will lower the import tariffs of American cars in a concession to the Trump government to de-escalate the trade war. President Donald Trump points to a breakthrough in trade negotiations. Wall Street, however, is unimpressed. The Dow drops 497 points as investors focus on warning signs about China's massive and slowing economy. Bannockburn Global Forex announces that China's retail sales have fallen to the weakest pace in 15 years and industrial production was the lowest since 2002.
Monday, December 17: Trump's Terror Tactics
Small Stocks The Russell 2000 falls into a bear market – the first big US index to fall 20 percent from its high. The Dow drops 508 points as President Trump worries Wall Street that it will affect the independence of the Federal Reserve. He tweets, "It's unbelievable that with a very strong dollar and virtually no inflation, the outside world is flying around us, Paris is burning and China is down. The Fed is even considering another rate hike. Take the victory! "Stocks now have the worst December since the Great Depression.
Tuesday, December 18: Wild Swings
The Dow closes 82 points, but the shares trade in a 412 point range, while investors are trying to appreciate what the US Federal Reserve will announce at the end of its two-day session on Wednesday.
Wednesday, December 19: Panic of the US Federal Reserve on Wall Street
Stock trading high in a wild session, the Dow rises 382 points after the Fed's interest rate hike, but plunges 352 points to its lowest level of the year, investors fear the Fed will adopt a more aggressive stance than the Wall The Fed is lowering its forecast for economic growth for 2019 and continues to signal that it will continue to raise interest rates, albeit at a slower pace.
Thursday, December 20: Vol atility tips
The Dow drops 464 points The volatility index of VIX rises to its highest level since February.
Friday, December 21: Nasdaq in the Bear Area
It's a lousy end lousy five days. The Dow closes with 414 points or 1.8% the worst week since 2008. The Nasdaq drops 3 percent and closes its first bear market since the Great Recession. "Big recession …" and "bear market" are not words that investors like to hear tech stocks are hit hard because investors are worried about the future of trade between the United States and China, and generally because high-profile stocks are more difficult to keep when things get scary, Facebook (FB) fell 6 percent, and news around the world is bleak: stock markets in China, Italy, Germany, Japan, and South Korea are in bear markets. [MondayDecember24:HorrifyingChristmasEve
Finance Minister Steven Mnuchin recalls memories of the 2008 crisis by publishing a statement on Sunday that investors should be able to count on the CEOs of the biggest banks whose fingers are trillions of dollars, and they said, "The markets are still working properly." This is a bizarre statement because people not really believe that they would not work properly. Mnuchin also says that President Trump does not intend to fire the chairman of the Federal Reserve. That's helpful, but then Trump attacks the Fed again because it does not have the right "touch" for the economy. The Dow loses 653 points and most losses follow Trump's tweet. The Dow and the S & P 500 are experiencing their biggest decline on Christmas Eve.
Wednesday, December 26: Miraculous Comeback
The day after Christmas, there is not much news that drives the markets. President Trump is in Iraq to visit service members. There are no important economic data that investors can participate in. So has the Dow with 1,086 points its biggest day ever – an increase of 5 percent. The S & P 500 is also up 5 percent. The Nasdaq crashes at 5.8 percent from the bear market. All but one of 505 S & P 500 stocks end the day higher.
Thursday, December 27: Yesterday it did not happen
The Dow drops back up to 611 points before closing close again. It ends 260 points higher to end another volatile day on Wall Street. The momentum of almost 900 points is one of the biggest trading margins of the year.
Friday, December 28: Up, Down, Up, Down
The last Friday of the year is a lot Like many trading days in 2018: The stocks move higher and higher during the day deeper. In the end, the Dow drops by 76 points. The S & P 500 is barely lower, the Nasdaq barely higher. All in all, it is a quiet day. Another trading day in 2018. See you on Monday.
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