S&P 500 Drops 1.54% Amid Bearish Sentiment and Mixed Sector Performance
The stock market is experiencing a mixed day as the S&P 500 caps are falling by 1.54%. The advance decline ratio across the S&P 500 shows 1071 advances and 3694 declines, with a ratio of 0.29x. 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., Inpixon, and Vaxxinity, Inc. with impressive gains of inf%, 14375.25%, and 9900.00% respectively. On the other hand, Edgio, Inc., R1 RCM, Inc., and Unique Fabricating, Inc. are the top losers, each with a decline of -100.00%.
Out of the 1 sector advancing today, the S&P 500 is the only one showing gains, while 1 sector is declining. This further supports the bearish trend in the market today. The top losing sector is the S&P 500, with a decline of -1.54%.
In terms of large cap companies, Walgreens Boots Alliance, Inc. is the top gainer with a 27.55% increase, while Intra-Cellular Therapies, Inc. and Arhaus, Inc. are the top mid and small cap gainers with gains of 14.91% and 15.01% respectively. On the other hand, Constellation Brands, Inc. and Apellis Pharmaceuticals, Inc. are the top large and mid cap losers, with declines of -17.09% and -16.85% respectively.
The S&P 500 is currently trading at 5,827.04 with a loss of -91.21 points or -1.54%. This shows that the market is experiencing a significant decline today. Investors should closely monitor the market and make informed decisions to navigate through this volatile period.