By MARK JONESKANE, APThe U.S. stock market is in a tailspin.
Investors are fleeing from its high-risk, high-reward nature and trading is off limits, with no end in sight.
The Nasdaq composite is down about 13% from its all-time high of 2,766.60 on Thursday.
Wall Street’s share price has plummeted from its record high of nearly $18,700 on Jan. 2 to $14,958.90, a 30% drop.
The stock market has been in freefall for a while.
In recent weeks, the S&P 500 index has plunged more than 6% and is now trading at an all-timer low of about 6,500.
That’s far below the historic highs of the 1970s and 1980s.
Investors are fleeing the high-pacing, high volatility of the stock market, which is the reason why investors are fleeing Wall Street.
Wall street is no longer a safe haven, analysts said.
There is no end to the losses in the stock markets.
The Dow Jones industrial average fell 7.4% on Thursday, the most in more than a month, to 3,869.07, its lowest level since December 2016.
The S&s 500 fell 3.6% to 2,961.83, the biggest one-day fall since October.
The CBOE Volatility Index (VIX) dropped 5.4%.
The Nasdaq Composite is down more than 5% from an all time high of 5,929.53 on Wednesday, according to data from FactSet.
The index is down by about 5% since March, when it hit its highest point.
Investment-grade debt was down $3.25 billion, or 2.7%, to $4,834.69 on Thursday as of 11:45 a.m.
It’s the lowest level in seven weeks.
The average debt-to-equity ratio is at its lowest point in more then a month.
The S&ing Composite was down by $5.68 billion, its biggest one day drop since July.
It has fallen nearly 2% since mid-February, when its last high of about $17,500 was reached.
The FTSE 100 index was down 1.3%.
The Dow Jones Industrial Average is down 2.5% from a record high, down more in recent weeks than in the year-ago week.
The NasDAQ Composite is at a record low for the first time in nearly five months.
The FTSe 100 index closed at 2,851.85 on Thursday on its biggest weekly decline since March.
The Dow has fallen 7% in less than a year.
The stock market index closed its biggest decline in less then a year in December 2016 after a record-setting year.
The CBOE VIX closed at a historic low of 6,872.43 on Thursday and is the lowest since December 2021.
The Vanguard Total Stock Market Index (VETI) closed at an unprecedented 7,898.16 on Thursday in a record breaking rally.
The Russell 2000 Index closed at 8,062.25 on Thursday for the second straight day, setting an all day record for an all trading day.
The Russell 2000 closed at its all time low of $4.4 billion on March 22, 2019.
The VIX fell more than 10% to 6,967.38, the highest level since March 2017.
The VIX is at an historic low, a fact that is why it has dropped more than 20% this year.
For the second time in three weeks, a benchmark index ended at a near record low.
The 10-year Treasury note fell 2.3% to yield 0.9%.
The 10-month Treasury note closed at 0.95% on the New York Mercantile Exchange.
The 10 Year Treasury Bond was up 1.2% at 2.98%.
The FOMC’s 2% inflation target, which has been held at the Fed for years, is now being challenged by a Fed meeting later this month that may require a 2% rise in the target to 3%.