U.S. stocks fell for the fourth consecutive week, led to the downside by the NASDAQ Composite, posting a loss of 18 percent in the past four weeks.
The S&P 500 and Dow are down 16.5 percent and 14.7 percent, respectively, over the same period. The current drop accounts for the worst four-week percent decline for all three major indices since March 6, 2009 --right before the stock market rallied after reaching multi-year lows.
It's important to note that small and mid-capitalization stocks have been hit the hardest in the past four weeks, as investors get rid of riskier assets.
Among the major S&P 500 sectors, defensive names like utilities and consumer staples stocks continue to outperform the rest of the group.
U.S. stocks fell for the fourth consecutive week, led to the downside by the NASDAQ Composite, posting a loss of 18 percent in the past four weeks.
The S&P 500 and Dow are down 16.5 percent and 14.7 percent, respectively, over the same period. The current drop accounts for the worst four-week percent decline for all three major indices since March 6, 2009 --right before the stock market rallied after reaching multi-year lows.
It's important to note that small and mid-capitalization stocks have been hit the hardest in the past four weeks, as investors get rid of riskier assets.
