Pot Stock to Ditch Right Now

The Dow is down 468 points midday

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Schaeffer's Midday Market Check
9/20/2021
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Dow Eyes Worst Day Since July as Investors Grow Wary


By: Lillian Currens

The Dow Jones Industrial Average (DJI) is keeping with its dismal September activity on Monday, sinking 468 points at midday as it heads for its biggest one-day drop since mid-July. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are not faring much better, with both indexes eyeing substantial daily drops as well. Meanwhile, Wall Street's "fear gauge," the Cboe Volatility Index (VIX), is headed for its highest close and biggest percentage jump since May.

In addition to the historically volatile seasonality that has been gripping the markets, investors are nervously eyeing the upcoming Federal Reserve two-day meeting, as well as Covid-19 cases across the country. Focus has also been on China, which is seeing disastrous trading of its own amid news that real estate developer China Evergrande Group is nearing collapse. 

Continue reading for more on today's market, including: 

  • Pfizer stock in the spotlight after upbeat vaccine update. 
  • What caused Canopy Growth stock to sink even lower. 
  • Plus, ZIVO topples technical resistance; HLBZ takes a breather; and AAL joins clean energy initiative.  
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