After Breaking Records For Six Weeks, Stocks Dropped -2.3% Friday
Published Friday, November 26, 2021 at: 7:42 PM EST
The Standard & Poor’s 500 dropped 2.3% on Friday, its worst one-day loss since February. Only five trading days earlier, the S&P 500 had closed at a record high. Friday’s abrupt reversal occurred after a handful of nations, including the United States, reinstated travel restrictions on visitors coming from southern Africa, a precaution taken to prevent the spread of a new variant of Covid-19. Whether the new variant is prevented by existing vaccines is not yet known. Friday’s loss followed a surge that began at the start of October in which the stock market soared for six weeks. The S&P 500 had...
This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation. Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.
2023
-
October Inflation Rate Slows, Spending And Income Cool, Making Further Rate Hikes Unlikely
-
A Time Of Money Illusion
-
Good News On Inflation Boosts Stocks For Third Straight Week
-
The Terrible Truth About Investing
-
The Goldilocks Economy Drove Stocks Higher This Past Week
-
The Outlook For Investors
-
More Economic Strength Sent Stocks Lower All Week
-
Four Observations About This Week’s Financial News
-
Not Too Hot Or Too Cold, This Week’s Economic Data Is Just Right
-
S&P 500 Index Lost 2.4% In 3Q2023; Latest Inflation And Economic News
-
Where The Boom No One Expected Gets Its Legs
-
Latest On Inflation, Consumer & Business-Owner Optimism
-
Slower Growth But Economic Outlook Remains Bright
-
Labor Market And Inflation Drove Stocks Higher
-
Costlier Homes Expected To Appreciate 4% Annually For The Next Five Years
-
Leading Economic Index Falls For 16th Straight Month
-
Tax-Sensitive Investment Planning In 2023
-
A Healthy Recipe For Growth Is Simmering
-
Good News About The U.S. Economy
-
The New Bull Market Has Broadened
-
An Economy Goldilocks Would Definitely Live With
-
Monthly Pace Of New-Job Creation Slowed In June, Which Is Good News
-
Standard & Poor's 500 Gained 9.9% In Q2 2023
-
This Week’s News For Investors