Not even the truncated Christmas Eve session could halt the US market rout that’s gripped investors for three months.
- Elena Popina
- Brisbane Times
The S&P 500 plunged almost 3 per cent to end at a 20-month low, in what was the worst final session before the Christmas holiday on record in the US, according to data compiled by Bloomberg.
It was the busiest Christmas Eve since 2010, with more than 1.7 billion shares changing hands in the truncated session.
“The more volatile things get the more volume surges,” Michael Antonelli, equity sales trader at Robert W Baird, said.
“People don’t care it’s a…