Following last week’s worst weekly results in two years, stocks bounced back upwards today, thanks in part to data which showed the best increase in retail sales since 2012.
Stocks continued to fall today, wrapping up the week with their worst two-day performance in 10 months.
Stocks fell today, with the Nasdaq experiencing its worst session since 2011, as investors took profits by selling tech shares, among others.
Minutes from the U.S. Federal Reserve’s last minutes have clarified for investors the timing of future possible interest rate raises, and stocks rose on the news, breaking out of a three-session slump.
Including today’s trading, the S&P 500 has endured its worst three-session fall since 2011, and the losses have eliminated any gains that the index has gained since the start of the year.
In advance of tomorrow’s release of the government’s monthly jobs report, stocks fell today, led by consumer and technology shares.