The day's best-performing socks included Starbucks and Advanced Micro Devices.
The S&P 500 is a whisker away from the threshold that marks a bear market. In the past, entering bear territory has tended to be followed by more selling.
S&P 500 trades below 4,000 for first time since April 2021
Dow finishes lower as S&P 500, Nasdaq gain ahead of key inflation reading
An ugly end to a brutal April on Friday saw the S&P 500 post its second correction --- a drop of 10% from a recent peak --- so far this year.
The S&P 500 Monday afternoon traded below the 4,000 threshold for the first time since April 1, 2021, as losses deepened ahead of the closing bell. The S&P 500 was down 122 points, or 3%, at 4,000 after dipping as low as 3,996.42. It last closed below 4,000 on March 31, 2021, when it ended at 3.971.09. The Dow Jones Industrial Average was down 575 points, or 1.7%, while the Nasdaq Composite dropped 4.1% to 11,644.
Johnny Depp's agent testified that the actor would have received $22.5 million to star in the sixth 'Pirates' film.
"What the bond market is saying is, 'The Fed is not being aggressive enough,'" in raising rates with decades-high inflation, Stovall told Insider.
The stock-market tumble leaves the S&P 500 on the brink of a bear market.
Ark Invest founder and noted Tesla bull Cathie Wood has joined company boss Elon Musk in slamming the S&P 500’s decision to remove the electric car maker from its stock index tracking the most sustainable and socially conscious companies. Tesla was removed from the S&P 500 ESG index – shorthand for “environmental, social and governance”
After some understandable limitations on golf travel the past two years, particularly in 2020 after the initial coronavirus outbreak, it appears buddies’ trips and golf getaways are headed for a big year.
Dow, S&P 500’s fall deepens Thursday as inflation fears batter stock market