The S&P 500 Loses Steam In Short Week Of Trading

Posted: Sep 13, 2021 1:04 PM
The S&P 500 Loses Steam In Short Week Of Trading

Source: AP Photo/David Karp, File

The S&P 500 (Index: SPX) closed at a record high of 4,536.25 on Thursday, 2 September 2021. The index has since lost steam and has fallen in each of the five trading days since. As stock prices have only dropped 1.7% from its recently recorded high, that still puts it within the latest redzone forecast range.

At this point, we think investors are still focusing on 2022-Q1 in setting current day stock prices, where the dip in stock prices is most likely attributable to typical levels of noise in the market. The best example of that involves the news story of an adverse court ruling affecting the biggest company in the S&P 500, Apple (NASDAQ: AAPL), which we've captured in this week's roundup of market moving news headlines.

Tuesday, 7 September 2021
Wednesday, 8 September 2021
Thursday, 9 September 2021
Friday, 10 September 2021

Here's a news source that can keep you posted on when various economic data will be released: the National Bureau of Economic Research's New Economic Indicates and Releases RSS news feed. The downside of the feed is that it doesn't link to those items after they come out, but at least you'll know when you need to look for them!