Financials Industrials Drag Market Pullback
Losses in financials and industrials are contributing to the S&P 500 easing from record levels.
Too little corroboration in the last 3 days to call a trend (3 articles). Watching for it to gain traction.
"U.S. equities drifted lower into midday Tuesday with the S&P 500 and Nasdaq 100 easing from near record highs set earlier in the session, as a fresh surge in crude oil prices and rising Treasury yields tempered the April rally."
"A cluster of indicators in the S&P 500 are sending a warning to investors: the pain from the Iran war may not be over."
"The S&P 500 fell 0.6% Thursday."
"Losses from a pair of big-name companies, Apple and Tesla, headlined a broader slide in the stock market Thursday."
"Strong gains in equities this year on signs of cooling inflation have come under test in August, with the S&P 500 losing more than 5% from its intra-day high in late July."
""The banking stress only makes us even more confident of that.""
""The banking stress only makes us even more confident of that.""
"Stocks are tumbling on Wall Street Wednesday as worries about the strength of banks worsen on both sides of the Atlantic Ocean."
"I would consider the S&P 500 vulnerable to further losses."
"Losses were seen across equities, credit, sovereign bonds and commodities."