Rampaging Stock Bears Slowed at Key S&P 500 Technical Level
- Index fell below June closing low before it rebounded slightly
- What markets really need to do is price in recession: Amoroso
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The latest rout in US stocks took the S&P 500 below its June bear-market low -- and then some buyers showed up.
The S&P 500 fell as much as 2.7% to 3,656, below the mid-June bottom of 3,666. It fluctuated just a few points above that level during the session, with programmed buys briefly halting the decline.