Yesterday's session can be described as crazy. With the markets rising by the opening, they quickly dropped seriously. However, there was a real fall in the indices once the S&P 500 overcame its 50-day moving average, at a level of 2,730 points, and the Dow index fell below 25,000 points.
How and when the correction is going to be done, hardly many experts would be willing to say. But one thing is certain - the end of the world has not come, and investors can start looking for positions that did not react seriously to the index decline.
Last week, it was the worst for markets since 2016, with both Dow and S&P 500 recording more than 2% loss on Friday.
Decline on Monday was driven by energy companies such as Exxon Mobil, whose shares declined by more than 4%, while companies like Johnson & Johnson and Pfizer lost more than 2% of their value.
Only four of Dow's blue chips traded in positive territory yesterday.
The decline in the indexes came to the attention of the Trump administration, from where they said they were always worried when value was lost on the market.
Interest on 10-year US government bonds continues to raise concerns among investors. They are at levels of 2.84% after last week reached their highest level of four years at 2.85%.
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