S&P 500 Returns to Level That Thwarted Post-Correction Comebacks
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The S&P 500 Index’s steepest drop in eight months pushed it right back to the level that had been a ceiling during the market’s on-again, off-again recovery from last winter’s correction.
The benchmark for U.S. equities fell 3.3 percent, closing below 2,800 for the first time since July. It had bumped up against during a five months recovery that came in fits and starts after the market bottomed out in February.