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Barchart
Barchart
Darin Newsom

Is the Sky Falling for the S&P 500 Index?

United States Amazon
  • The S&P 500 extended its long-term uptrend to a high of 4,607.07 during July before closing the month at 4,588.96.
  • The same index came under pressure early this month, dropping almost 1.5% on Wednesday, August 2.
  • While the break created plenty of Chicken Little-like squawking from the industry, the reality is the move looks to be seasonal.
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