S&P 500 Falls 0.43% as Verizon Soars 11.83% Amid Market Volatility

2 hours ago
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The S&P 500 index fell by 0.43% on a challenging trading day, despite a 0.62% increase over the past month. Market breadth was negative, with more stocks declining than advancing. In large-cap stocks, Verizon led with an 11.83% gain, while AppLovin dropped 16.89%. Mid-cap stocks saw Deckers Outdoor rise 19.46%, contrasted by Anglogold Ashanti's 13.22% decline. Small-cap stocks were notably volatile, with Robert Half surging 27.76% and PennyMac plummeting 33.25%. Overall, advance-decline ratios across all segments indicated a prevailing trend of declining stocks.
S&P 500 Falls 0.43% as Verizon Soars 11.83% Amid Market Volatility
In today's market summary, the S&P 500 index experienced a decline of 0.43%, although it has shown a positive trend with a 0.62% increase over the past 30 days. The overall market sentiment reflected a challenging day, with 1,670 stocks advancing compared to 2,719 stocks declining, resulting in an advance-decline ratio of 0.61.
In the large-cap segment, Verizon Communications, Inc. emerged as the top performer, boasting a return of 11.83%. Conversely, AppLovin Corp. struggled, recording a significant decline of 16.89%. The mid-cap sector saw Deckers Outdoor Corp. leading with a return of 19.46%, while Anglogold Ashanti Plc faced a downturn of 13.22%. Small-cap stocks were particularly volatile, with Robert Half, Inc. achieving a remarkable return of 27.76%, while PennyMac Financial Services, Inc. suffered the worst performance, down 33.25%. The advance-decline ratios for large-cap, mid-cap, and small-cap stocks were 0.78, 0.73, and 0.65, respectively, indicating a broader trend of declining stocks across all market segments.

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