News Formal

Is the stock market really as strong as it looks?

  • 📰 IrishTimes
  • ⏱ Reading Time:
  • 24 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 98%

Nvidia News

Apple

The big indices are at an all-time high, yet many individual shares are struggling

Yes, the S&P 500 is up 17 per cent in 2024 and has exceeded 5,500 for the first time. Yes, the tech-heavy Nasdaq is doing even better, up 22 per cent and trading above 20,000.

Most stocks have been trending down recently, with more than half of S&P 500 companies trading below their 50-day moving average. Similarly, while the S&P 500′s maximum drawdown has been limited to just 5 per cent in 2024, the average stock’s maximum drawdown has been 15 per cent.Schwab analysts note just 17 per cent of stocks have outperformed the S&P 500 over the past year, while only 11 per cent of Nasdaq stocks have outperformed their benchmark.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Irish stock market group seeks State backing for €400m IPO fundDublin market now at ‘critical juncture’ warn officials involved in Irish equity market
Source: IrishTimes - 🏆 3. / 98 Read more »