Charts Getting Ominous in S&P 500 as Selloff Shakes Foundations
- S&P lost the most since May as it broke a key support level
- Russell 2000 Index tested key support level as it lost 1.4%
Goldman's Wilson Sees Sentiment Shift in Markets
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Four weeks of violent price action has left American equity benchmarks close to some unwelcome milestones.
Take the S&P 500 Index, whose 23-point retreat Thursday sent it below its average price the for the past 50 days for the first time since May. The index suffered its worst decline in almost two months as yield-sensitive shares tumbled. The Russell 2000 Index followed suit, testing the same support level.