Market Summary: Extended Analysis
The S&P 500 lost more than four percent, the largest single day loss for the index since August, 2011. The losses started out modestly through lunchtime, but accelerated sharply in the early afternoon. At one point, as seen in the Bloomberg screenshot below, the S&P 500 spiked higher, but then lost back everything that was earned in the final hour or so of trading. Although we don’t know exactly what… Read More