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All S&P 500 sectors are down in August, on pace for a broad monthly drop not seen this year

Por: MarketWatch Business August 22, 2023

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The S&P 500 soared 19.5% this year through July, its . But the index has stumbled this month amid a jump in Treasury rates, as macroeconomic concerns weigh on investors awaiting comments from Federal Reserve Chair Jerome Powell on Friday. The Fed raised interest rates again in July to fight still-elevated, but easing, inflation. Many investors this year have been anticipating that the Fed is nearing the end of its hiking cycle, as it has slowed... + full article



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