Fact Box – Half of the S&P 500 is in the Fixed Area or Worse

Texas News Today

FILE PHOTO: A trader works on the trading floor of the New York Stock Exchange (NYSE) on August 10, 2021 in Manhattan, New York City, USA. Reuters / Andrew Kelly

September 28, 2021

(Reuters) – Wall Street shares fell sharply on Tuesday as U.S. Treasury yields rose and rising concerns about inflation weakened their risk appetite and caused investors to flee the stock market.

Below are some notable facts about volatility attacks in US stocks.

* Investors have become more concerned about inflation after the Federal Reserve Board of Governors disclosed the latest clues last week about reducing asset purchases and raising interest rates, with the benchmark 10-year Treasury yielding 1.567%. Till then. Climbed and reached the last seen level. -June.

* As of Tuesday afternoon, half of S&P 500 stocks have fallen more than 10% from their 52-week highs. This is the definition of fix. This includes more than 60 stocks, which have lost more than 20 per cent.

* With two sessions remaining per month, the S&P 500 fell 3.6% in September, making it the weakest month in the index since September 2020, when the S&P 500 fell 3.9%.

* The Nasdaq is down 5.1% from its all-time high on Sept. 7. This suggests that the Nasdaq has fallen the most since May from its all-time high.

* The S&P 500 technology index is Tuesday’s worst-performing sector, down 2.5%, with year-over-year gains in line with 16 of the broader S&P 500s, as growth stocks are particularly of rising interest. Get in touch with rates. reduced to%.

* Despite the recent turmoil, volatility on Wall Street has been significantly reduced this year, with only 37 sessions recorded in the S&P 500, up or down more than 1%. This is compared to the 109 sessions in 2020, when the S&P 500 fell and recovered, making it the shortest bear market in history.

(Reporting by Noel Randwich; Editing by Cynthia Osterman)

Fact Box – Half of the S&P 500 is in the Fixed Area or Worse

Source Link Fact Box – Half of the S&P 500 is in the Fix Zone or Worse


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