S&P 500 Falls as Fed Fears, Unemployment Rattle Investors, Sending Amazon, Retail, Real Estate Stocks Down
The streak is going in the other direction now. After yesterday's S&P 500 Index (SNPINDEX: ^GSPC) 16-point sell-off ended a multi-day streak of gains, today's 0.85% decline will be just the second time in September the index has fallen in consecutive days.
Today's sell-off included the tech stocks that have been a big reason the index has fallen 6.3% since the early September all-time high, but it's far from the worst-performing of the 11 S&P sectors today. The biggest loser today is real estate, with 29 of the 31 real estate investment trusts (REITs) in the S&P 500 down today. The sector is down 2.2%, more than double the decline seen by tech stocks.
The unemployment line isn't getting much shorter. Image source: Getty Images.
Source Fool.com
