U.S stocks sold off on Thursday with the S&P 500 recording its biggest daily percentage drop in three months as escalating worries about the Trump administration's ability to push through its economic agenda rattled investors.
The major U.S. benchmarks have reversed respectably from the August low this week, though not in textbook bullish form. On a headline basis, the S&P 500 has nailed its breakdown point - S&P 2,453 - closing Tuesday fractionally lower, at 2,452.5.
The S&P 500 has reversed from one-month lows, rising respectably after a technically damaging August downturn. In the process, the S&P has rallied within striking distance of the breakdown point - circa 2,450 - an area matching a headline U.S ...
Major U.S. averages were barely positive in Monday trading after two straight weeks of losses for the S&P 500, and some strategists say under-the-surface fissures in the market are becoming increasingly apparent.