Stock market's Thursday tantrum isn't offering any evidence of panic selling

The Arms Index, a volume-weighted measure of market breadth, suggests that despite the stock market's broad and sharp declines on Thursday, the unwind appears to be orderly. The so-called Arms Index tends to rise above 1.000 when the broad market declines, as the ratio of volume in declining stocks over advancers tends to rise relative to the ratio of the number of declining stocks to advancers, as sellers become more aggressive than buyers. A reading of 2.

See Full Story Dow skids 400 points as investors brace for a protracted U.S.-China trade standoff U.S. stocks tumble, with the Dow Jones Industrial Average losing more than 400 points, amid signs that trade tensions between the U.S. and China are escalating. Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.

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