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Market Stress Rises Over Wild Week Ahead Even Without a Shutdown
Investors have shown few signs of panic during a stock market slump that’s pushed the S&P 500 Index into its first losing quarter in a year. But beneath the surface, signs of stress are emerging that go far beyond the just averted US government shutdown. It’s not the intensity of the drop that’s weighing on sentiment, but rather the fact that big down days are getting more frequent and there’s been a scarcity of large rebounds. Three of the six days when the S&P 500 lost more than 1% last quarter occurred since mid-September. And there were only two days when the index gained more than 1% in the quarter. ... (full story)