All of the S&P 500’s sectors are down in August in a sweeping stock-market tumble not seen since the end of last year, after the index surged in the first seven months of 2023.
The Fed raised interest rates again in July to fight still-elevated, but easing, inflation. Many investors this year have been anticipating that the Fed is nearing the end of its hiking cycle, as it has slowed the pace of lifting its benchmark rate this year. So-called Big Tech stocks, which include companies such as Apple Inc. AAPL, +0.79%, Nvidia Corp. NVDA, -2.77%, Tesla Inc. TSLA, +0.83% and Google parent Alphabet Inc. GOOG, +0.59% GOOGL, +0.55%, span across the S&P 500’s information-tech, consumer-discretionary and communication-services sectors.
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4 reasons to start buying the August stock-market weakness — and what to buyThe current pullback is just a healthy correction in a bull market.
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U.S. stocks open modestly higher after S&P 500’s three-week slideU.S. stocks opened higher Monday, with the S&P 500 index up modestly as it attempts to recover from last week’s fall amid a rise in Treasury yields. The Dow...
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Apple only Big Tech stock ‘really hitting’ the S&P 500 as ‘little’ about August’s market slump appears worrisome, says DataTrekStocks have been rattled in August by a rise in real interest rates and bond-market volatility, yet “very little about this selloff strikes us as...
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