{"id":134,"date":"2018-10-29T09:44:00","date_gmt":"2018-10-29T09:44:00","guid":{"rendered":"https:\/\/blog.sevenstarfx.com\/?p=134"},"modified":"2023-08-26T12:51:20","modified_gmt":"2023-08-26T12:51:20","slug":"sp-500-trading-lowest-since-june-seaven-star-fx-blog","status":"publish","type":"post","link":"https:\/\/www.sevenstarfx.com\/blog\/sp-500-trading-lowest-since-june-seaven-star-fx-blog\/","title":{"rendered":"&#8216;S&#038;P 500\u2019 trading  lowest since June &#8211; Seven Star FX Blog"},"content":{"rendered":"\n<p>One of the major indexes named \u2018S&amp;P 500\u2019 has been trading at lowest since May, while there has been major correction in the territorial level thus shaping the technology and several other sectors. While the shares of internet or any technology related sector has been solved off. There has been major volatility in the market after the US Stocks debacle. \u00a0<\/p>\n\n\n\n<p>In the recent session, the S&amp;P 500 benchmark fell more than a grade level of 10% that gone below its Sept 20. It has recorded a high closing which would call out for a correction. \u00a0While on the other hand, NASDAQ has often registered as one of the biggest drop after March that has been confirming a correction earlier this week. <\/p>\n\n\n\n<p>Few days back, there are certain stocks that helped the equity markets that has seen a decade run, while the entire day has a major sell-off. It has actually overshadowed the data that shows the US economy in a darker light.\u00a0 <\/p>\n\n\n\n<p>The S&amp;P 500 Index has shown no major movements which is 52-week highs and 88 new lows, while the NASDAQ Composite recorded 15 new highs and 323 new lows. Aroun 10 billion shares are trading in different American markets. Apart from the S&amp;P 500, the DOW JONES Industrial Average has felt around 296.24 points, or 1.19 percent, to 24,688.31, the S&amp;P 500 lost 46.88 points.<\/p>\n\n\n\n<p>Both, the Dow Jones and the S&amp;P 500 has fallen into negative territory Zone. While on the other hand, the DOW has been down at 3%, while S&amp;P 500 has been on the lower side of 4%. <\/p>\n\n\n\n<p>In the economic front, it is almost good but still the disappointing figures have put the morale down. On the other hand, the rising amount o wages &amp; higher borrowing cost has actually cause lot of jitters in the geo political events hurting the export. <\/p>\n\n\n\n<p>The data in the earlier times has actually showed the economy, which has been continuing to grow at a healthy pace. The US GDP (Gross Domestic Product) has been sustainably decreased in the 3<sup>rd<\/sup> quarter while the tariff has been actually slowed in the growth rate.\u00a0 There has been partially offset by the strongest consumer spending in nearly four years and there has been a major surge in inventory investment.<\/p>\n\n\n\n<p>The US Gross domestic product growth rate has actually slowed down in the 3<sup>rd<\/sup> Quarter while the volatility rate index has actually caused a major surge in the market. The Google has actually missed the revenue that has defoliated the estimates while there has been growing the amount of pace, while the stocks has majorly fallen below the expectation level. On the other hand, AMAZON has actually seen a worst face off which has actually given a huge miss. In the participants, there have been a healthy on-going market which has a heavy sell-off while there have been a recent bid in the treasury prices while the volatility index has been on a relaxing mode. On a declining issue, there has been out numbered the advance sources that is on NYSE which has been on 2.68 to another level of 1. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of the major indexes named \u2018S&amp;P 500\u2019 has been trading at lowest since May, while there has been major correction in the territorial level thus shaping the technology and&hellip; <\/p>\n","protected":false},"author":2,"featured_media":293,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[332],"tags":[330,33,345],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>&#039;S&amp;P 500\u2019 trading lowest since June - Seven Star FX Blog<\/title>\n<meta name=\"description\" content=\"S&amp;P 500 faces lowest levels since May, triggering correction. 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