September 2020 was the warmest September on record globally, according to scientists at the European Union’s Earth observation program Copernicus. The agency also revealed that the Arctic sea ice is at its second lowest extent since satellite records began in 1979.
September temperatures were well above average in many regions across the globe, including off the coast of northern Siberia, in the middle East, in parts of South America and Australia, with the exception of eastern tropical Pacific. The month was 0.05 C warmer than September 2019, the previous warmest September on record.
Stocks accelerated losses into the close, erasing earlier gains and ending an advance that began on Tuesday. The S&P 500, Dow and Nasdaq each had their worst day in two weeks.
The S&P 500 sank more than 2%, led by a drop in the energy and information technology sectors, to close at its lowest level since the end of July. The Nasdaq’s more than 3% decline brought the index down also to near a two-month low.
The Dow fell to its lowest close since the beginning of August, even as shares of component stock Nike Nike (NKE) climbed to a record high after reporting quarterly results that far surpassed consensus expectations. However, the increase was offset in the Dow by declines in tech names including Salesforce and Apple.
Shares of Stitch Fix (SFIX) sank more than 15%, after the digital personal styling service posted a wider than expected
Arctic summer sea ice melted in 2020 to the second smallest size since records began 42 years ago, US scientists announced Monday, offering further stark evidence of the impact of global warming.
Arctic sea ice melts in summer and reforms in winter, but precise satellite imagery taken regularly since 1979 documented how the cycle has been shrinking significantly.
The year’s minimum was reached on September 15, at 3.74 million square kilometers (1.44 million square miles), according to preliminary date from scientists at the National Snow and Ice Data Center (NSIDC) at the University of Colorado Boulder.
Only once before, in 2012, did the sea ice melt further.
“It’s been a crazy year up north, with sea ice at a near-record low… heat waves in Siberia, and massive forest fires,” said Mark Serreze, director of
ARCTIC OCEAN (Reuters) – Warming in the Arctic shrank the ice covering the polar ocean this year to its second-lowest extent in four decades, scientists announced Monday, yet another sign of how climate change is rapidly transforming the region.
Satellites recorded this year’s sea ice minimum at 3.74 million square kilometers on Sept. 15, only the second time the ice has been measured below 4 million square kilometers in 40 years of record keeping, said researchers at the National Snow and Ice Data Center. (https://bit.ly/32Pj5wr)
“It’s fairly devastating that we’ve had such consistently low sea ice. But unfortunately, it’s not surprising,” said Twila Moon, a glaciologist at the research center in Boulder, Colorado.
The record low of 3.41 million square kilometers, reached in 2012 after a late-season cyclonic storm broke up the remaining ice, is not much below what researchers see today.
Stocks tumbled on Friday, closing out a rocky week on a down note as big tech stocks extended a weeklong sell-off — dragging all of Wall Street lower in spite of encouraging developments in the economy.
In recent sessions, high profile names like Amazon (AMZN), Facebook (FB) and Apple (AAPL) have slumped sharply after hitting record highs. The sector’s rout led the Nasdaq to its worst levels since July 31, and Friday saw the bellwether shed nearly 2% intraday. Meanwhile, the S&P logged losses that pushed it to a six week low. All three of the major market indexes have fallen for three weeks straight.
Apple, which wowed the market with its bundle of new service-oriented products this week, suffered its third consecutive week of declines — the first time that’s happened since May 2019, and is now down over 20% from its all time high.