S&P 500 Declines 1.73% as Bearish Sentiment Dominates Market Today
The stock market is experiencing a mixed day today, with the S&P 500 showing a decline of 1.73%. The advance decline ratio across the S&P 500 is at 0.27x, with 1027 advances and 3755 declines. This indicates that the market is currently being driven by a bearish sentiment.
Among the top gainers in the S&P 500 are Gamida Cell Ltd. and View, Inc., both showing an impressive increase in their stock prices. Vaxxinity, Inc. is also making headlines with a staggering 2900% increase in its stock price. On the other hand, Express, Inc., Northern Star Investment Corp. IV, and Rite Aid Corp. are among the top losers, with significant drops in their stock prices.
Out of the 1 sector advancing today, the S&P 500 is the only one showing a decline of 1.73%. This makes it the top losing sector of the day. The S&P 500 is currently trading at 5,408.42, with a loss of -94.99 points.
In terms of large cap gainers, Dollar General Corp. is leading the pack with a 2.70% increase in its stock price. Samsara, Inc. and Inari Medical, Inc. are also showing strong gains in the mid and small cap categories, with increases of 13.60% and 9.21%, respectively. On the other hand, Broadcom Inc., Braze, Inc., and Inhibrx, Inc. are among the top losers in their respective categories.
Overall, the market is being driven by a bearish sentiment today, with the S&P 500 showing a significant decline. Investors should keep a close eye on the market and make informed decisions based on the current trends and performance of individual stocks.