Huge Wall Street Index Deleted 8.5% of Its Value - Worst Day Since 1987 • Tel Aviv 35 Index Has Worst Week in History
Sharp declines on Wall Street // Photo: IP
Free Diving Stock Exchanges: Wall Street and Europe Avalanche, Israel - TA-35 index recorded the worst week in its history: a 5.18% decline and 18.6% plummeting week - the highest since the index was launched 28 years ago, and even more dramatic than its peak The downturn in the economic crisis of 2008. TA-125 plunged more than 19% this week, oil and gas - more than 42%.
Yitzhak Tshuva's fuel group share lost about 80% of its price in the past week. The benchmark index fell almost 16%. Wall Street trading also began yesterday with sharp declines. Last night, the Dow Jones erased 8.5% of its value - the worst day since 1987. The other two major indices, NASDAQ and S&P, also fell about 7% in the first few hours. Yesterday, the dollar jumped 3.7% against the shekel, and its representative rate was set NIS 3.63 to the dollar - up from last May, the euro jumped 2% to NIS 4.08.