Market Momentum Falters as Year-End Approaches
As the clock ticks down on 2022, the stock market is struggling to maintain its footing. Despite a promising start to the day, all three major indexes have slipped into negative territory.
Dow and S&P 500 Slip into the Red
The Dow Jones Industrial Average has shed 10 points, a mere 0.1% decline, while the S&P 500 has followed suit, dropping by the same margin. Meanwhile, the tech-heavy Nasdaq Composite has taken a slightly larger hit, falling 0.3%.
ETFs Feel the Pinch
Two notable exchange-traded funds (ETFs) have also felt the pressure. The Roundhill Magnificent Seven ETF and the iShares Semiconductor ETF have both declined by approximately 0.3%, weighing on the overall market sentiment.
Beneath the Surface, Some Stocks Shine
However, it’s not all doom and gloom. A closer look reveals that roughly 313 S&P 500 stocks are actually trading higher today, suggesting that there are pockets of strength within the market. As investors navigate these choppy waters, it’s essential to stay informed and adapt to the shifting landscape.
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