How much has the stock market been moving lately? The daily move in the S&P 500 has totaled nearly 17 percent during the first half of February, according to The Wall Street Journal’s Market Data Group.
That’s surpassed such moves for every full month since June 2016, when the index moved 17 percent amid market turbulence spurred by the Brexit vote. With half a month to go in February, the absolute move in the index has a good chance to surpass those levels.
Sliced another way, the average up-or-down daily move so far in February has been 1.7 percent, according to the Market Data Group. That’s the biggest such average since August of 2011, when S&P downgraded the U.S. credit rating.
No comments:
Post a Comment