S&P Bulls Are Betrayed By Their Most Loved Stocks
Finding the Silver Lining in This Stock Selloff
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Why have investors been pulling money from U.S. equities at the fastest rate ever? Maybe it’s because the stocks they love the most are the ones giving them the most heartache.
From Apple Inc. to Alcoa Inc. to General Electric Co., the 50 companies in the Standard & Poor’s 500 Index with the highest share volume were down 5.7 percent over the three months through July, five times as much as the broader market. That’s the worst underperformance since 2011 and came right before American stocks staged their biggest selloff in four years, data compiled by Bank of America Corp. and Bloomberg show.