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Dow sheds nearly 500 points, stocks finish lower on worries of further Fed rate hikes
By Sarah Min & Samantha Subin
S&P 500 closes lower for a fourth straight day as recession worries jolt markets
By Samantha Subin & Alex Harring
S&P 500 closes higher to end longest losing streak since October
By Sarah Min & Samantha Subin
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Formerly TwitterLiz Ann Sonders
LizAnnSonders
So far, S&P 500’s selloff since late March has been all multiple contraction (forward P/E, blue) as forward EPS (orange) have moved higher pic.twitter.com/su7aJ9rg5q
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Liz Ann Sonders
LizAnnSonders
S&P 500 closed in red for 3rd week in row (longest losing streak since September); last week was also worst in over a year (-3.0%); despite sell-off, handful of large-cap segments were up with Utilities leading way; worst-hit was Technology
@SPDJIndices pic.twitter.com/LoNvVeDKZh
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Ryan Detrick, CMT
RyanDetrick
S&P 500 with a max pullback of 5.5% in '24 so far.
Since 1980, only 4 full years saw a smaller pullback.
Avg yr since 1980 with a 14.2% max pullback. pic.twitter.com/2SZwV4mwlL
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Ryan Detrick, CMT
RyanDetrick
How rare was Friday?
More than 300 stocks in S&P 500 were green, yet the index was down 0.9%.
Using data back to 1998 that happened only ONE OTHER TIME.
10/2/20 saw 313 stocks up, but it fell 1.0%.
Again, things are improving under the surface if you look at the data.
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