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Heightened Volatility Pushes All Sectors into the Red

SPY and EWU Fall on More Global Economic Slowdown News

(Continued from Prior Part)

US stock market bloodbath

The plunges in every component sector of the SPDR S&P 500 ETF (SPY) and the volatility might point towards unknown depths of the crisis in the world’s second-largest economy, China. Only 17 stocks out of the constituent 502 stocks of SPY managed to gain positive returns on September 28. US investors are baffled over the timing of the rate hike in the country and the extent of the impact that the Chinese slowdown will have on the US economy. Many US companies rely on the overseas demand for large proportions of their profits. Earnings releases are also around the corner, so investors are...