What a difference a month makes.
On Sept. 18, the U.S. stock market reached a record high after a mostly uneventful summer. Long-term interest rates headed higher, a sign that investors expected steady U.S. growth. A widely watched measure of volatility in the U.S. stock market was near its lowest level of the year, and European markets were heading higher after a nasty downturn over the summer. The price of crude oil was declining, but nothing like the sudden plunges that would come weeks later.
Here is a snapshot of key market signals and what they’ve shown over the last month and year to date.
S&P 500 INDEX
It’s been a bumpy ride for U.S. stocks in the last month, especially since Monday. The Standard & Poor’s 500 index nearly went into “correction” on Wednesday, meaning a decline of 10 percent or more from a recent peak. The declines briefly wiped out the year-to-date gains for the index.
