Wall Street indexes have closed highly volatile third quarter as investors will look for a blooming final quarter. In September, the S&P 500 and MSCI All Country World index were at their peaks, while the tech-heavy Nasdaq traded at a new high of 27,288 points just last week, Reuters reported.
However, there is a worrying factor beneath the glittering statistics. The S&P 500 rose only 2 per cent. Around 40 per cent of S&P 500 stocks are down for the year, and a quarter of the index's constituents have fallen 10 per cent or more, according to Ben Carlson at Ritholtz Wealth Management, according to Wall Street expert Jamie McGeever.
