Financials Sector Led the Market Slump on March 21
After showing weakness for two consecutive days, the financials sector fell on March 21. On Tuesday, the S&P 500 Financials sector index fell 2.9%.
After starting the day on a weaker note, the S&P 500 fell on Tuesday to the lowest levels since February 14. On March 21, it fell 1.2%.
The healthcare sector fell on Thursday amid the sell-off in healthcare-related stocks. The S&P 500 healthcare sector fell 0.9% on March 16.
On March 16, Indiana American Water said that it will replace aging water pipes stretched for 41 miles and repair the water tanks that serve Indiana.
After rising to the highest close since March 1, 2017, the S&P 500 pulled back on Thursday. The market sentiment was dented by weakness in oil prices.
Stocks related to the energy sector fell on Tuesday. On March 14, the S&P 500 energy sector fell 1.1% to the lowest levels since early November.
After starting the week on a positive note, the S&P 500 pulled back on Tuesday. Weakness in oil prices weighed on energy shares and pulled the market lower.
After gaining for three consecutive trading days, the healthcare sector pulled back on Monday. The S&P 500 healthcare sector fell 0.15% on March 13.
The S&P 500 materials sector moved higher on Monday and supported the market. The rise in copper prices improved the sentiment in the materials sector.
After breaking the winning streak and pulling back last week, the S&P 500 was slightly higher on Monday. The sentiment was mixed on March 13.
After showing weakness for two consecutive trading days, the energy sector rebounded on Thursday. The S&P 500 Energy sector rose 0.59% on March 9.
The battle for patents sparked the chance for a cross-licensing agreement between Boston Scientific and Edwards Lifesciences.
After falling for three consecutive trading days, the S&P 500 was stable on Thursday. Weaker jobless claims data weighed on the markets on March 9.
The S&P 500 Utilities sector fell 1.5% on Wednesday. Scana (SCG), AES (AES), and Entergy (ETR) were the top losers in the utilities sector on March 8.
After weakness on Tuesday, the energy sector fell and reached the lowest levels since November 4, 2016. On March 8, the S&P 500 Energy Sector fell 2.5%.
After falling in the first two trading sessions this week, the S&P 500 continued to weaken and fell to the lowest price level in two weeks.
The healthcare sector fell lower on Tuesday. Stocks in the healthcare sector lost strength due to President Trump’s tweets about the drug industry.
After starting this week on a weaker note by falling on Monday, the S&P 500 continued to decline and closed at the lowest level since February 28.
WestRock (WRK), Newmont Mining (NEM), and International Paper (IP) were the top losers in the materials sector on Monday.
The S&P 500 started March 6 on a weaker note and maintained the weakness throughout the day. The S&P 500 VIX Index measures uncertainty in the market.