Investors Find Little Reason to Buy Stocks as Rates Fears Spread
- Small caps, the Dow are now trading negative for the year
- S&P 3Q profit revisions look ‘hot, maybe too hot’: Jefferies
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It’s getting bleak for equity bulls hoping for a reprieve from the US stock market’s “higher-for-longer” tantrum.
The S&P 500 Index plunged to the lowest level since June on Tuesday, as the Dow Jones Industrial Average wiped out its gain for the year and the Cboe Volatility Index, better known as the VIX, popped above the psychologically important 20 level for the first time in four months.