The SPX (S&P 500; the United States stock market) peaked on 7/16/24 printing the all-time record high at 5670 and fell to a low of 5119 yesterday. That is a drop of 551 points, -9.7%, in only 15 days. 10% of the US stock market value was wiped out in 3 weeks. The yen placed a bottom on 7/10/24 and rocket-launched higher sending the dollar/yen pair lower and US stocks lower.
The last 3 days was record-setting. The SPX tagged 5566 on 8/1/24 (last Thursday) and in only 3 trading days (Thu, Fri, Mon) fell to 5119 a drop of 447 points, a -8.0% crash. Ouchie. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
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