FX & CFD trading involves significant risk
Stocks have been gradually grinding lower. In turn, the stock market is now back near its session low. At its current level, the S&P 500 is down 14% in just 11 sessions. It is down almost 16% from its May high.
As for overseas action, China's Shanghai Composite fell almost 4% in its latest round of trade. That has the Composite deeper into bear market territory, since it is now down by about 25% from its November high. Japan's Nikkei fell 2.2% overnight so that it is now down almost 17% from its February high. In Europe, Britain's FTSE fell 3.4% on Monday. It is now down 17% from its February high. Germany's DAX dropped 5.0% today, leaving it 22% below its May high so that it is now in bear market territory.
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