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CAC 40 Drops 0.84% on April 24 as Volatility Hits New 52-Week High

France's CAC 40 closed down 0.84% on April 24, reversing the prior day's 0.87% rebound, as losses in healthcare, industrials, and financials prevailed amid a CAC 40 VIX at a new 52-week high of 18.96. The index had declined 1.12% on April 20 and 1.14% on April 21 due to weakness in consumer goods, industrials, and healthcare, before surging on April 23 led by STMicroelectronics (+14.44% to 42.87, 52-week high) and L’Oréal (+8.97%). Elevated volatility persisted across the period, with oil prices fluctuating (WTI peaking at $94.61 before falling to $93.49) and gold mixed.

Category

France 40

Sentiment

Bearish

Event

Market commentary

Reading time

1 min