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disappointing earningsReuters
•76% Informative
A two-day rout late last week left the S&P 500 nearly 6% from its July peak.
The tech-heavy Nasdaq Composite extended losses to notch its first 10% correction from a record high since early 2022 .
But buyers of the dip risk being steamrolled if recession fears grow following last week’s run of alarming U.S. data.
The yield on the benchmark 10-year U.S. Treasury sank nearly 40 basis points this week , the largest weekly fall since March 2020 .
Investors priced in rate cut expectations and sought shelter from future volatility.
“That's a huge move,” said Michael Farr , president and CEO of Farr .
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