Fact of the Day: US Equity Markets Are Down

The US equity market has had a rough start to say the least this year. The S&P 500 is down 7.7% YTD on price return basis and the Dow Jones is off by 5.7%. Tech heavy NASDAQ is performing even worse with the NASDAQ Composite  and the Nasdaq-100 falling 12% and 11.5% respectively.

Below are the returns of select indices:

  • Dow Jones Transportation Average: -7.5%
  • Utility Average: -3.8%
  • KBW Bank: 0.1%
  • PHLX Semiconductor: -13.0%
  • PHLX Oil Service: 14.9%

Consumer staples, energy and financials are performing well. But software, technology, consumer discretionary are in correction territory.

Market breadth is awful.


  • New 52-Week Highs: 8
  • New 52-Week Lows: 526


  • New 52-Week Highs: 22
  • New 52-Week Lows: 1323

Source: WSJ Market Data

According to an article in the journal this weekend, 72% of stocks trading on the NASDAQ are in bear markets (or down at least 20%) from their recent highs. More than 40% of the NASDAQ stocks have declined by 40% or more.

Related ETFs:

  • SPDR Dow Jones Industrial Average ETF (DIA)
  • SPDR S&P 500 ETF (SPY)
  • SPDR KBW Regional Banking ETF (KRE)
  • Invesco QQQ Trust Series (QQQ)

Disclosure: No positions

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