D20 Index Drops Dramatically

Driverless Transportation

By losing 10.2 percent of its value last week, the Driverless Transportation (D20) Stock Index suffered its largest single week loss since its inception in August 2014. The D20 lost 16.49 points to end a disastrous week at 145.26. Neither the Dow Industrials nor the S&P 500 fared much better. The Dow lost 423.62 points, or 6.2 percent of its value, to close at 16346.45, and the S&P 500 lost 6 percent of its value to finish at 1922.03.

China halted trading in its stock market several times last week, causing set-backs in the world’s major stock markets. The markets are concerned that the recent weakness in China’s economy will drive the global economy down. The D20 was not immune as all twenty stocks lost value last week, 12 of them losing more than 10 percent of their value. The stock that lost the least value this week was Renesas Electronics of Japan (TSE: 6723) with its share price dipping from 770¥ to 744¥, a 3.3 percent loss.

Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.