Skip to content
Subscriber Only

U.S. Stocks Fall to July Low as Election Anxiety Rises Amid Fed

  • S&P 500 in six-day slide as polls show race tightening
  • CBOE volatility index jumps to highest level since June
Video player cover image

Election Guide to Markets: Correlation and the Candidates

Updated on

U.S. stocks fell to the lowest since July, breaking below chart levels that have held for four months, as concern over everything from presidential politics to Federal Reserve rate hikes and coming data on the labor market sent gauges of anxiety surging.

The S&P 500 Index declined 0.7 percent to 2,111.72 at 4 p.m. in New York, the most since Oct. 11. The index has tumbled 1.8 percent during a six-day losing streak that’s its longest since August 2015. It sank as low as 2,097.85 before a bounce, dipping below 2,100 for the first time since July 7. The Dow Jones Industrial Average slipped 105.32 points, or 0.6 percent, to 18,037.10. The Nasdaq Composite Index dropped 0.7 percent, and the CBOE Volatility Index surged 8.8 percent to the highest since June 28.