The past couple of weeks have been a roller coaster ride for U.S. stocks. The S&P500 is down 5% month to date, while the Dow is off 3% and the Nasdaq has led the way in the loss parade with a 7.4% loss so far in the month of October.
U.S. stocks are limping this morning after a dismal week last week which saw the Dow, S&P500 and Nasdaq fall -4.2%, -4.1% and -3.7% respectively.
U.S. stocks are trending negative again this morning as investors are reacting to rising interest rates. Both the Dow and S&P500 closed out last week down -0.7% and -0.6% respectively. It was the second straight weekly decline for the S&P500.
U.S. stocks are in rally mode this morning to kick off a new month and quarter in response to a trade deal struck between the U.S. and Canada that will revise the North American Free Trade Agreement. The Dow is just below an all-time intraday high and the S&P500 is pushing toward record levels as well.